Saga’s (SAGA) “Under Review” Rating Reiterated at Numis Securities

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Numis Securities reaffirmed their under review rating on shares of Saga (LON:SAGA) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports.

A number of other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Saga to a neutral rating in a research note on Wednesday, April 24th. Investec reissued a hold rating and issued a GBX 107 ($1.40) price objective on shares of Saga in a research note on Thursday, April 4th. Peel Hunt reduced their price objective on shares of Saga from GBX 180 ($2.35) to GBX 110 ($1.44) and set a buy rating for the company in a research note on Thursday, April 25th. UBS Group reissued a buy rating and issued a GBX 150 ($1.96) price objective on shares of Saga in a research note on Thursday, April 4th. Finally, Shore Capital reissued a not rated rating on shares of Saga in a research note on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Saga has an average rating of Hold and an average target price of GBX 116.40 ($1.52).

Shares of LON SAGA opened at GBX 35.80 ($0.47) on Thursday. The company has a debt-to-equity ratio of 46.14, a current ratio of 0.91 and a quick ratio of 0.25. The firm has a market capitalization of $401.55 million and a PE ratio of -2.47. Saga has a 1 year low of GBX 35.80 ($0.47) and a 1 year high of GBX 141.20 ($1.85).

The business also recently announced a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a yield of 1.49%. Saga’s payout ratio is -0.28%.

In related news, insider Gareth Williams bought 11,384 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was bought at an average cost of GBX 57 ($0.74) per share, with a total value of £6,488.88 ($8,478.87). Also, insider James Quin bought 33,118 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average cost of GBX 60 ($0.78) per share, with a total value of £19,870.80 ($25,964.72). Insiders have purchased 160,684 shares of company stock valued at $9,459,063 over the last ninety days.

Saga Company Profile

Saga plc engages in insurance, travel, personal finance, healthcare, retirement villages, and media businesses in the United Kingdom. The company operates in three segments: Insurance, Travel, and Emerging Businesses and Central Costs. It offers car, caravan, motorhome, breakdown cover, home, landlord, holiday home, home emergency, pet, travel, boat, health, personal accident, and life insurance, as well as accidental death benefit products.

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