Saga PLC (SAGA) Given Consensus Rating of “Buy” by Analysts
Shares of Saga PLC (LON:SAGA) have received a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 226.67 ($3.01).
A number of research firms have recently commented on SAGA. Peel Hunt reaffirmed a “buy” rating and issued a GBX 250 ($3.32) price target on shares of Saga PLC in a report on Friday, August 4th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 235 ($3.12) price target on shares of Saga PLC in a report on Friday, September 22nd. Goldman Sachs Group, Inc. (The) raised their price target on Saga PLC from GBX 220 ($2.92) to GBX 230 ($3.06) and gave the stock a “buy” rating in a report on Tuesday, July 4th. Beaufort Securities reaffirmed a “buy” rating on shares of Saga PLC in a report on Monday, September 25th. Finally, Credit Suisse Group cut their price target on Saga PLC from GBX 220 ($2.92) to GBX 210 ($2.79) and set a “neutral” rating for the company in a report on Thursday, October 5th.
Shares of Saga PLC (LON SAGA) opened at 192.70 on Friday. The company’s 50-day moving average price is GBX 195.51 and its 200 day moving average price is GBX 202.71. The firm’s market capitalization is GBX 2.15 billion. Saga PLC has a 12-month low of GBX 180.30 and a 12-month high of GBX 216.13.
Saga PLC (LON:SAGA) last posted its quarterly earnings results on Friday, September 22nd. The company reported GBX 7.50 ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 7.30 ($0.10) by GBX 0.20 ($0.00). Saga PLC had a return on equity of 13.77% and a net margin of 19.15%. The firm had revenue of £435.40 million during the quarter. On average, equities analysts forecast that Saga PLC will post $14.89 earnings per share for the current year.
The firm also recently disclosed a dividend, which will be paid on Friday, November 17th. Investors of record on Thursday, October 12th will be given a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a dividend yield of 1.54%.
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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