Saga PLC (SAGA) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Saga PLC (LON:SAGA) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 219 ($2.77).
A number of research firms have recently weighed in on SAGA. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Saga PLC in a research note on Thursday, April 20th. Peel Hunt restated a “buy” rating and issued a GBX 250 ($3.16) price target on shares of Saga PLC in a research note on Wednesday, May 3rd. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 215 ($2.72) price target on shares of Saga PLC in a research note on Wednesday, May 3rd. Credit Suisse Group restated a “neutral” rating and issued a GBX 200 ($2.53) price target on shares of Saga PLC in a research note on Thursday, April 6th. Finally, Beaufort Securities restated a “buy” rating on shares of Saga PLC in a research note on Thursday, March 30th.
In other Saga PLC news, insider Jonathan Hill sold 24,683 shares of the firm’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of GBX 208 ($2.63), for a total transaction of £51,340.64 ($64,947.05).
Shares of Saga PLC (LON:SAGA) opened at 203.20 on Monday. Saga PLC has a 12 month low of GBX 175.00 and a 12 month high of GBX 227.38. The firm’s market capitalization is GBX 2.26 billion. The stock’s 50 day moving average is GBX 204.89 and its 200 day moving average is GBX 197.37.
The firm also recently disclosed a dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, May 11th will be issued a GBX 5.80 ($0.07) dividend. This represents a yield of 2.84%. The ex-dividend date of this dividend is Thursday, May 11th. This is a positive change from Saga PLC’s previous dividend of $2.70.
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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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