Saga PLC’s (SAGA) “Buy” Rating Reaffirmed at Peel Hunt
Saga PLC (LON:SAGA)‘s stock had its “buy” rating restated by analysts at Peel Hunt in a report released on Tuesday. They currently have a GBX 250 ($3.09) target price on the stock. Peel Hunt’s price target would suggest a potential upside of 21.42% from the stock’s previous close.
SAGA has been the topic of several other research reports. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 225 ($2.78) price target on shares of Saga PLC in a research note on Monday, October 3rd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 190 ($2.35) price objective on shares of Saga PLC in a research report on Thursday, September 15th. Numis Securities Ltd reiterated an “add” rating and issued a GBX 235 ($2.91) 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 Wednesday, June 22nd. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 245 ($3.03) price objective on shares of Saga PLC in a research report on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Saga PLC presently has an average rating of “Hold” and an average target price of GBX 225.83 ($2.79).
Saga PLC (LON:SAGA) opened at 205.40 on Tuesday. The company has a 50 day moving average price of GBX 217.97 and a 200-day moving average price of GBX 207.86. Saga PLC has a 52-week low of GBX 170.80 and a 52-week high of GBX 227.38. The firm’s market cap is GBX 2.29 billion.
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The company also recently announced a dividend, which will be paid on Friday, November 18th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 2.70 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 1.21%.
In other news, insider Batchelor,Lance bought 149 shares of the company’s stock in a transaction dated Thursday, July 21st. The stock was bought at an average price of GBX 201 ($2.49) per share, for a total transaction of £299.49 ($370.66).
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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