Saga (LON:SAGA) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Saga plc (LON:SAGA) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 580.13 and traded as high as GBX 670. Saga shares last traded at GBX 645.65, with a volume of 470,559 shares.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Saga from GBX 600 to GBX 795 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Berenberg Bank restated a “buy” rating and set a GBX 1,025 price target on shares of Saga in a report on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 910.

Saga Price Performance

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 firm has a market capitalization of £938.72 million, a price-to-earnings ratio of 269.02, a P/E/G ratio of 1.22 and a beta of 2.02. The stock’s 50 day moving average price is GBX 580.13 and its two-hundred day moving average price is GBX 533.07.

Saga (LON:SAGA) last announced its quarterly earnings data on Wednesday, April 15th. The company reported GBX (2.90) earnings per share (EPS) for the quarter. The firm had revenue of £660 million for the quarter. Saga had a negative return on equity of 15.72% and a negative net margin of 1.53%. Analysts anticipate that Saga plc will post 34.7826087 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Mark Watkins sold 30,205 shares of the company’s stock in a transaction on Friday, July 3rd. The shares were sold at an average price of GBX 670, for a total value of £202,373.50. 30.38% of the stock is owned by corporate insiders.

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.