Saga PLC (SAGA) Receives Consensus Rating of “Hold” from Brokerages

Saga PLC (LON:SAGA) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 207.83 ($2.92).

A number of analysts have recently issued reports on SAGA shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 190 ($2.67) price objective on shares of Saga in a report on Wednesday, December 13th. Citigroup reiterated a “buy” rating and issued a GBX 187 ($2.63) price objective on shares of Saga in a report on Thursday, December 7th. Royal Bank of Canada started coverage on shares of Saga in a report on Friday, December 1st. They issued an “outperform” rating and a GBX 250 ($3.51) price objective on the stock. Credit Suisse Group lowered their price objective on shares of Saga from GBX 220 ($3.09) to GBX 210 ($2.95) and set a “neutral” rating on the stock in a report on Thursday, October 5th. Finally, Goldman Sachs Group downgraded shares of Saga to a “neutral” rating in a report on Tuesday, December 12th.

Shares of Saga (LON SAGA) opened at GBX 117.59 ($1.65) on Tuesday. Saga has a fifty-two week low of GBX 115.22 ($1.62) and a fifty-two week high of GBX 216.13 ($3.04). The firm has a market capitalization of $1,330.00 and a P/E ratio of 839.93.

In other Saga news, insider Lance Batchelor purchased 71,997 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were purchased at an average cost of GBX 138 ($1.94) per share, for a total transaction of £99,355.86 ($139,525.15). Also, insider Jonathan Hill purchased 17,400 shares of the business’s stock in a transaction on Monday, December 11th. The shares were acquired at an average price of GBX 133 ($1.87) per share, for a total transaction of £23,142 ($32,498.24). In the last three months, insiders have acquired 89,600 shares of company stock valued at $12,279,900.

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Saga 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.

Analyst Recommendations for Saga (LON:SAGA)

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