Saga (LON:SAGA) Reaches New 12-Month High – Time to Buy?

Saga plc (LON:SAGA)’s stock price hit a new 52-week high during trading on Wednesday . The stock 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 analysts have recently weighed in on SAGA shares. Berenberg Bank reiterated a “buy” rating and set a GBX 1,025 target price on shares of Saga in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft boosted their price target on Saga from GBX 600 to GBX 795 and gave the company a “buy” rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 910.

Saga Stock Performance

The business has a fifty day moving average of GBX 607.80 and a 200 day moving average of GBX 556.05. The company has a market cap of £1.02 billion, a P/E ratio of 291.47, a P/E/G ratio of 1.22 and a beta of 2.02. The company has a quick ratio of 0.67, a current ratio of 1.35 and a debt-to-equity ratio of 934.58.

Insiders Place Their Bets

In other news, insider Mark Watkins sold 30,205 shares of the firm’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of GBX 670, for a total value of £202,373.50. Also, insider Mike Hazell bought 276 shares of the business’s stock in a transaction dated Wednesday, July 15th. The shares were bought at an average cost of GBX 652 per share, for a total transaction 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.