Saga (LON:SAGA) Hits New 52-Week High – What’s Next?

Saga plc (LON:SAGA) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 703 and last traded at GBX 695, with a volume of 511697 shares trading hands. The stock had previously closed at GBX 692.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Saga from GBX 600 to GBX 795 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,025 target price on shares of Saga in a report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 910.

Saga Price Performance

The company has a market capitalization of £1.02 billion, a PE ratio of 291.47, a PEG ratio of 1.22 and a beta of 2.02. The firm has a fifty day moving average of GBX 607.80 and a two-hundred day moving average of GBX 556.05. The company has a current ratio of 1.35, a quick ratio of 0.67 and a debt-to-equity ratio of 934.58.

Insider Buying and Selling

In other news, insider Mark Watkins sold 30,205 shares of the stock in a transaction that occurred on Friday, July 3rd. The stock was sold at an average price of GBX 670, for a total transaction of £202,373.50. Also, insider Mike Hazell bought 276 shares of the business’s stock in a transaction dated Wednesday, July 15th. The stock was purchased at an average price of GBX 652 per share, for a total transaction of £1,799.52. 30.38% of the stock is owned by insiders.

Saga Company Profile

Saga exists to deliver exceptional experiences for our customers every day, whilst being a driver of positive change in our markets and communities.