Saga (LON:SAGA) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Saga plc (LON:SAGA)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 589.90 and traded as low as GBX 579. Saga shares last traded at GBX 589.24, with a volume of 446,649 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SAGA shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 795 price target on shares of Saga in a research report on Friday, August 21st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,025 price target on shares of Saga in a report on Thursday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Saga has an average rating of “Buy” and a consensus target price of GBX 910.

Saga Price Performance

The company has a quick ratio of 0.67, a current ratio of 1.35 and a debt-to-equity ratio of 934.58. The business has a 50 day simple moving average of GBX 658.01 and a 200-day simple moving average of GBX 590.31. The company has a market capitalization of £898.51 million, a P/E ratio of 257.50, a PEG ratio of 1.22 and a beta of 2.02.

Insider Transactions at Saga

In other Saga news, insider Mark Watkins purchased 276 shares of the company’s stock in a transaction on Wednesday, July 15th. The shares were purchased at an average cost of GBX 652 per share, for a total transaction of £1,799.52. Also, insider Mike Hazell bought 276 shares of the business’s stock in a transaction that occurred on Wednesday, July 15th. The shares were acquired at an average cost of GBX 652 per share, with a total value of £1,799.52. 30.38% of the stock is currently owned by insiders.

About Saga

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