Saga PLC (SAGA) Stock Rating Reaffirmed by Canaccord Genuity
Saga PLC (LON:SAGA)‘s stock had its “hold” rating restated by stock analysts at Canaccord Genuity in a research report issued on Monday, StockTargetPrices.com reports. They presently have a GBX 225 ($2.94) price target on the stock. Canaccord Genuity’s price objective points to a potential upside of 9.12% from the company’s current price.
Several other research firms have also commented on SAGA. Numis Securities Ltd reiterated an “add” rating and issued a GBX 235 ($3.07) price objective on shares of Saga PLC in a research report on Wednesday, September 21st. Beaufort Securities reiterated a “buy” rating on shares of Saga PLC in a research report on Thursday, September 22nd. Peel Hunt reiterated a “buy” rating and issued a GBX 250 ($3.26) price objective on shares of Saga PLC in a research report on Wednesday, September 21st. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 245 ($3.20) price objective on shares of Saga PLC in a research report on Wednesday, June 15th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 190 ($2.48) price objective on shares of Saga PLC in a research report on Thursday, September 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Saga PLC presently has a consensus rating of “Hold” and an average target price of GBX 225.83 ($2.95).
Shares of Saga PLC (LON:SAGA) traded down 2.04% on Monday, reaching GBX 206.20. 2,213,463 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 2.30 billion. Saga PLC has a 52 week low of GBX 170.80 and a 52 week high of GBX 227.38. The stock’s 50-day moving average price is GBX 218.15 and its 200-day moving average price is GBX 207.44.
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The company also recently announced a dividend, which will be paid on Friday, November 18th. Investors of record on Thursday, October 6th will be paid a GBX 2.70 ($0.04) dividend. This represents a yield of 1.21%. The ex-dividend date of this dividend is Thursday, October 6th.
In other news, insider Batchelor,Lance bought 149 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The stock was purchased at an average price of GBX 201 ($2.62) per share, with a total value 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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