Saga (LON:SAGA) Reaches New 12-Month High – Here’s Why

Saga plc (LON:SAGA) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 388 and last traded at GBX 382.88, with a volume of 292944 shares traded. The stock had previously closed at GBX 381.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Saga from GBX 185 to GBX 285 and gave the company a “buy” rating in a report on Wednesday, September 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 285.

Saga Price Performance

The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 625.34. The firm has a market cap of £554.23 million, a P/E ratio of -8.77, a PEG ratio of 1.22 and a beta of 2.57. The firm has a 50-day simple moving average of GBX 281.21 and a 200-day simple moving average of GBX 227.60.

Saga (LON:SAGA) last released its quarterly earnings results on Wednesday, September 24th. The company reported GBX 16.80 EPS for the quarter. Saga had a negative return on equity of 87.14% and a negative net margin of 18.42%. As a group, analysts forecast that Saga plc will post 34.7826087 EPS for the current year.

Insider Activity at Saga

In other news, insider Roger De Haan bought 1,200,000 shares of the stock in a transaction on Friday, September 26th. The stock was bought at an average cost of GBX 274 per share, for a total transaction of £3,288,000. Insiders own 30.77% of the company’s stock.

Saga Company Profile

Saga exists to deliver exceptional experiences for our customers every day, whilst being a driver of positive change in our markets and communities.