Saga PLC’s (SAGA) “Buy” Rating Reiterated at Peel Hunt
Saga PLC (LON:SAGA)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a report issued on Wednesday. They currently have a GBX 250 ($3.26) price objective on the stock. Peel Hunt’s price objective points to a potential upside of 12.06% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 245 ($3.20) price target on shares of Saga PLC in a report on Wednesday, June 15th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Saga PLC in a report on Wednesday, June 22nd. Beaufort Securities reissued a “buy” rating on shares of Saga PLC in a report on Wednesday, June 22nd. Canaccord Genuity lowered their price target on 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. Finally, Numis Securities Ltd reissued an “add” rating and set a GBX 235 ($3.07) price target on shares of Saga PLC in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Saga PLC currently has an average rating of “Hold” and an average target price of GBX 225.83 ($2.95).
Saga PLC (LON:SAGA) traded up 0.59% during midday trading on Wednesday, hitting GBX 223.10. The stock had a trading volume of 3,155,526 shares. The stock has a 50-day moving average price of GBX 217.82 and a 200 day moving average price of GBX 205.16. Saga PLC has a 12-month low of GBX 170.80 and a 12-month high of GBX 227.38. The firm’s market cap is GBX 2.48 billion.
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The company also recently disclosed a dividend, which will be paid on Friday, November 18th. Investors of record on Thursday, October 6th will be given a GBX 2.70 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 1.21%.
In related news, insider Batchelor,Lance purchased 149 shares of Saga PLC stock in a transaction dated Thursday, July 21st. The stock was bought at an average cost of GBX 201 ($2.62) per share, for a total transaction of £299.49 ($390.93). Also, insider Ni-Chionna,Orna purchased 15,961 shares of Saga PLC stock in a transaction dated Tuesday, June 28th. The shares were bought at an average price of GBX 188 ($2.45) per share, with a total value of £30,006.68 ($39,168.10).
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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