Saga PLC (SAGA) Receives Average Recommendation of “Hold” from Analysts

Saga PLC (LON:SAGA) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 207.83 ($2.78).

Several analysts have recently weighed in on the stock. Beaufort Securities reaffirmed a “buy” rating on shares of Saga in a report on Monday, September 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 190 ($2.54) target price on shares of Saga in a report on Wednesday, December 13th. Citigroup reaffirmed a “buy” rating and issued a GBX 187 ($2.50) target price on shares of Saga in a report on Thursday, December 7th. Royal Bank of Canada assumed coverage on shares of Saga in a report on Friday, December 1st. They issued an “outperform” rating and a GBX 250 ($3.34) target price on the stock. Finally, Credit Suisse Group lowered their target price on shares of Saga from GBX 220 ($2.94) to GBX 210 ($2.81) and set a “neutral” rating on the stock in a report on Thursday, October 5th.

Saga (LON:SAGA) opened at GBX 126.30 ($1.69) on Friday. Saga has a 52-week low of GBX 121.30 ($1.62) and a 52-week high of GBX 216.13 ($2.89). The stock has a market cap of $1,420.00 and a price-to-earnings ratio of 902.14.

In related news, insider Lance Batchelor acquired 71,997 shares of Saga stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of GBX 138 ($1.85) per share, for a total transaction of £99,355.86 ($132,846.45). Also, insider Jonathan Hill acquired 17,400 shares of Saga stock in a transaction that occurred on Monday, December 11th. The stock was bought at an average price of GBX 133 ($1.78) per share, with a total value of £23,142 ($30,942.64). Insiders purchased 89,557 shares of company stock valued at $12,279,872 in the last quarter.

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About Saga

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.

Analyst Recommendations for Saga (LON:SAGA)

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