Saga PLC (LON:SAGA)‘s stock had its “buy” rating reaffirmed by investment analysts at Beaufort Securities in a research report issued on Thursday.

Several other equities analysts have also commented on SAGA. Peel Hunt reduced their target price on shares of Saga PLC from GBX 255 ($3.33) to GBX 250 ($3.26) and set a “buy” rating on the stock in a report on Thursday, May 26th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 245 ($3.20) target price on shares of Saga PLC in a report on Wednesday, June 15th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Saga PLC in a report on Wednesday, June 22nd. Canaccord Genuity reduced their target price 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. Finally, Numis Securities Ltd reissued an “add” rating and set a GBX 235 ($3.07) price target on shares of Saga PLC in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 225.83 ($2.95).

Shares of Saga PLC (LON:SAGA) opened at 224.50 on Thursday. The stock’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 company’s market capitalization is GBX 2.50 billion.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/beaufort-securities-reaffirms-buy-rating-for-saga-plc-saga.html

The business also recently announced a dividend, which will be paid on Friday, November 18th. Stockholders of record on Thursday, October 6th will be given a GBX 2.70 ($0.04) dividend. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 1.21%.

In related news, insider Batchelor,Lance bought 149 shares of the company’s stock in a transaction dated Thursday, July 21st. The stock was purchased at an average cost 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 the company’s stock in a transaction dated Tuesday, June 28th. The stock was bought at an average cost 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.

Receive News & Ratings for Saga PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saga PLC and related companies with MarketBeat.com's FREE daily email newsletter.