Insider Buying: Saga PLC (SAGA) Insider Acquires 73 Shares of Stock
Saga PLC (LON:SAGA) insider Lance Batchelor purchased 73 shares of Saga PLC stock in a transaction that occurred on Friday, October 14th. The stock was purchased at an average cost of GBX 204 ($2.52) per share, for a total transaction of £148.92 ($184.31).
Saga PLC (LON:SAGA) traded down 1.67% during midday trading on Monday, hitting GBX 200.99. The stock had a trading volume of 754,659 shares. Saga PLC has a 12-month low of GBX 170.80 and a 12-month high of GBX 227.38. The firm has a 50-day moving average of GBX 216.76 and a 200-day moving average of GBX 207.88. The company’s market cap is GBX 2.24 billion.
The firm also recently declared a dividend, which will be paid on Friday, November 18th. Investors of record on Thursday, October 6th will be issued a GBX 2.70 ($0.03) dividend. The ex-dividend date is Thursday, October 6th. This represents a yield of 1.21%.
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Several equities research analysts recently weighed in on SAGA shares. Peel Hunt reaffirmed a “buy” rating and issued a GBX 250 ($3.09) price target on shares of Saga PLC in a research note on Tuesday, June 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Saga PLC in a research note on Wednesday, June 22nd. Beaufort Securities reaffirmed a “buy” rating on shares of Saga PLC in a research note on Wednesday, June 22nd. Canaccord Genuity cut their target price on Saga PLC from GBX 240 ($2.97) to GBX 225 ($2.78) and set a “buy” rating for the company in a research report on Monday, June 27th. Finally, Numis Securities Ltd reiterated an “add” rating and set a GBX 235 ($2.91) target price on shares of Saga PLC in a research report on Wednesday, September 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 225.83 ($2.79).
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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