Saga PLC (SAGA) Earns “Buy” Rating from Peel Hunt
Saga PLC (LON:SAGA)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a research report issued to clients and investors on Thursday. They currently have a GBX 250 ($3.23) price objective on the stock. Peel Hunt’s price objective indicates a potential upside of 27.81% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Goldman Sachs Group, Inc. (The) raised their target price on Saga PLC from GBX 220 ($2.84) to GBX 230 ($2.97) and gave the stock a “buy” rating in a report on Tuesday, July 4th. Credit Suisse Group raised their target price on Saga PLC from GBX 200 ($2.58) to GBX 220 ($2.84) and gave the stock a “neutral” rating in a report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 229.29 ($2.96).
Shares of Saga PLC (LON:SAGA) traded up 1.02% during trading on Thursday, hitting GBX 197.60. The stock had a trading volume of 1,155,415 shares. The stock’s 50-day moving average price is GBX 204.28 and its 200 day moving average price is GBX 203.67. Saga PLC has a 1-year low of GBX 180.30 and a 1-year high of GBX 227.38. The firm’s market capitalization is GBX 2.20 billion.
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In other Saga PLC news, insider Lance Batchelor purchased 146 shares of the firm’s stock in a transaction on Wednesday, July 12th. The shares were acquired at an average cost of GBX 205 ($2.65) per share, with a total value of £299.30 ($386.54). Over the last three months, insiders have acquired 366 shares of company stock worth $74,873.
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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