Saga PLC (SAGA) Declares GBX 2.70 Dividend
Saga PLC (LON:SAGA) announced a dividend on Wednesday, September 21st. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 2.70 ($0.04) per share on Friday, November 18th. This represents a yield of 1.21%. The ex-dividend date of this dividend is Thursday, October 6th. The official announcement can be viewed at this link.
Several analysts have weighed in on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 190 ($2.48) target price on shares of Saga PLC in a research report on Thursday, September 15th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 245 ($3.20) price objective on shares of Saga PLC in a report on Wednesday, June 15th. Canaccord Genuity dropped their price objective on shares of Saga PLC from GBX 240 ($3.13) to GBX 225 ($2.94) and set a “buy” rating on the stock in a report on Monday, June 27th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 250 ($3.26) price objective on shares of Saga PLC in a report on Monday, August 1st. Finally, Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 235 ($3.07) price objective on shares of Saga PLC in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Saga PLC currently has an average rating of “Hold” and an average price target of GBX 225.83 ($2.95).
Shares of Saga PLC (LON:SAGA) traded up 0.59% during mid-day trading on Wednesday, reaching GBX 223.10. 3,155,526 shares of the company were exchanged. The stock has a 50 day moving average price of GBX 217.83 and a 200-day moving average price of GBX 205.07. The stock’s market capitalization is GBX 2.48 billion. Saga PLC has a 12 month low of GBX 170.80 and a 12 month high of GBX 227.38.
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In other news, insider Batchelor,Lance bought 149 shares of Saga PLC stock in a transaction that occurred on Thursday, July 21st. The shares were purchased at an average price of GBX 201 ($2.62) per share, with a total value of £299.49 ($390.93). Also, insider Ni-Chionna,Orna bought 15,961 shares of Saga PLC stock in a transaction that occurred on Tuesday, June 28th. The stock was purchased at an average cost of GBX 188 ($2.45) per share, for a total transaction of £30,006.68 ($39,168.10).
Saga PLC Company Profile
Saga plc is a provider of services for the customers aged 50 and over. The Company operates through three segments: Insurance, Travel, and Emerging Businesses and Central Costs. Insurance segment consists of general insurance products, such as Motor insurance, Home insurance and Other insurance. Travel segment primarily consists of the operation and delivery of package tours and cruise holiday products.
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