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

Saga plc (LON:SAGA)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 400 and last traded at GBX 397, with a volume of 1993947 shares trading hands. The stock had previously closed at GBX 392.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Saga from GBX 185 to GBX 285 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Saga presently has a consensus rating of “Buy” and an average price target of GBX 285.

Saga Trading Up 1.3%

The company’s fifty day simple moving average is GBX 295.48 and its two-hundred day simple moving average is GBX 237.34. The company has a market capitalization of £571.50 million, a price-to-earnings ratio of -9.04, a price-to-earnings-growth ratio of 1.22 and a beta of 2.57. The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 625.34.

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.