Saga PLC (SAGA) Stock Rating Reaffirmed by Numis Securities Ltd
Saga PLC (LON:SAGA)‘s stock had its “add” rating reiterated by equities research analysts at Numis Securities Ltd in a note issued to investors on Wednesday. They currently have a GBX 235 ($3.07) price target on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 5.33% from the company’s previous close.
SAGA has been the topic of several other research reports. Peel Hunt reissued a “buy” rating and set a GBX 250 ($3.26) price target on shares of Saga PLC in a research report on Monday, July 11th. Beaufort Securities reissued a “buy” rating on shares of Saga PLC in a research report on Wednesday, June 22nd. Canaccord Genuity lowered their price target 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 research report on Monday, June 27th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Saga PLC in a research report on Wednesday, June 22nd. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 245 ($3.20) price target on shares of Saga PLC in a research report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 225.83 ($2.95).
Shares of Saga PLC (LON:SAGA) traded up 0.59% on Wednesday, reaching GBX 223.10. 3,155,526 shares of the company’s stock traded hands. The firm’s 50 day moving average is GBX 217.82 and its 200 day moving average is GBX 205.16. Saga PLC has a 52 week low of GBX 170.80 and a 52 week high of GBX 227.38. The firm’s market capitalization is GBX 2.48 billion.
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The firm also recently declared a dividend, which will be paid on Friday, November 18th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 2.70 ($0.04) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 1.21%.
In other Saga PLC news, insider Ni-Chionna,Orna purchased 15,961 shares of the business’s stock in a transaction on Tuesday, June 28th. The shares were bought at an average cost of GBX 188 ($2.45) per share, for a total transaction of £30,006.68 ($39,168.10). Also, insider Batchelor,Lance purchased 149 shares of the business’s stock in a transaction on Thursday, July 21st. The shares were acquired at an average price of GBX 201 ($2.62) per share, for a total transaction of £299.49 ($390.93).
About Saga PLC
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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