Saga (LON:SAGA) Hits New 52-Week High – Still a Buy?

Saga plc (LON:SAGA) shares reached a new 52-week high during mid-day trading on Monday. The company traded as high as GBX 800 and last traded at GBX 778, with a volume of 14,716 shares changing hands. The stock had previously closed at GBX 785.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SAGA. Berenberg Bank raised their price objective on shares of Saga from GBX 1,025 to GBX 1,130 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Saga from GBX 795 to GBX 855 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Saga currently has a consensus rating of “Buy” and a consensus target price of GBX 992.50.

Saga Price Performance

The stock’s 50-day moving average price is GBX 681.99 and its 200 day moving average price is GBX 626.92. The firm has a market cap of £1.17 billion, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 1.22 and a beta of 2.02. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 503.16.

Saga (LON:SAGA) last released its earnings results on Wednesday, September 30th. The company reported GBX 20.50 earnings per share for the quarter. Saga had a net margin of 3.25% and a return on equity of 23.50%. Equities research analysts predict that Saga plc will post 34.78 earnings per share for the current year.

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.