Saga (LON:SAGA) Sets New 1-Year High – Here’s Why

Saga plc (LON:SAGA) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 747 and last traded at GBX 708.93, with a volume of 641103 shares. The stock had previously closed at GBX 738.

Analyst Ratings Changes

Several brokerages have recently weighed in on SAGA. Berenberg Bank reiterated a “buy” rating and set a GBX 1,025 price target on shares of Saga in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Saga from GBX 600 to GBX 795 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Saga has a consensus rating of “Buy” and an average price target of GBX 910.

Saga Stock Performance

The firm has a market capitalization of £987.20 million, a PE ratio of 282.92, a PEG 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. The company has a 50-day moving average of GBX 625.90 and a 200 day moving average of GBX 568.53.

Insider Buying and Selling

In related news, insider Mike Hazell purchased 276 shares of the business’s stock in a transaction on Wednesday, July 15th. The stock was acquired at an average price of GBX 652 per share, with a total value of £1,799.52. Also, insider Mark Watkins purchased 276 shares of the firm’s stock in a transaction dated Wednesday, July 15th. The stock was bought at an average cost of GBX 652 per share, for a total transaction of £1,799.52. Company insiders own 30.38% of the company’s stock.

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.