Saga (LON:SAGA) Shares Pass Below Fifty Day Moving Average – What’s Next?

Saga plc (LON:SAGA)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 571.46 and traded as low as GBX 522. Saga shares last traded at GBX 549, with a volume of 408,083 shares.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 600 target price on shares of Saga in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Saga has a consensus rating of “Buy” and an average price target of GBX 600.

Saga Trading Down 1.5%

The company has a quick ratio of 0.67, a current ratio of 1.35 and a debt-to-equity ratio of 934.58. The business’s fifty day moving average is GBX 571.46 and its 200 day moving average is GBX 499.95. The stock has a market cap of £786.56 million, a PE ratio of 225.42, a P/E/G ratio of 1.22 and a beta of 2.02.

Saga (LON:SAGA) last issued its earnings results on Wednesday, April 15th. The company reported GBX (2.90) earnings per share (EPS) for the quarter. Saga had a negative net margin of 1.53% and a negative return on equity of 15.72%. The company had revenue of £660 million during the quarter. As a group, analysts predict that Saga plc will post 34.7826087 earnings per share for the current year.

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.