Saga PLC (SAGA) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Saga PLC (LON:SAGA) have earned an average rating of “Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 229.29 ($2.99).
A number of brokerages have weighed in on SAGA. Credit Suisse Group lifted their price target on shares of Saga PLC from GBX 200 ($2.60) to GBX 220 ($2.86) and gave the company a “neutral” rating in a research note on Wednesday, July 12th. Peel Hunt reissued a “buy” rating and issued a GBX 250 ($3.26) price objective on shares of Saga PLC in a research report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) boosted their price objective on shares of Saga PLC from GBX 220 ($2.86) to GBX 230 ($3.00) and gave the stock a “buy” rating in a research report on Tuesday, July 4th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 215 ($2.80) price objective on shares of Saga PLC in a research report on Wednesday, May 3rd.
In other Saga PLC news, insider Lance Batchelor acquired 146 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were acquired at an average price of GBX 205 ($2.67) per share, with a total value of £299.30 ($389.76). In the last three months, insiders bought 364 shares of company stock worth $74,836.
Shares of Saga PLC (LON:SAGA) opened at 209.00 on Tuesday. The firm has a 50-day moving average of GBX 207.18 and a 200-day moving average of GBX 201.12. The stock’s market cap is GBX 2.33 billion. Saga PLC has a 52-week low of GBX 180.30 and a 52-week high of GBX 227.38.
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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