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

Saga plc (LON:SAGA)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 593.41 and traded as high as GBX 670. Saga shares last traded at GBX 663.85, with a volume of 822,483 shares traded.

Analysts Set New Price Targets

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

Saga Price Performance

The business has a 50 day moving average price of GBX 593.41 and a two-hundred day moving average price of GBX 545.87. The stock has a market cap of £965.17 million, a PE ratio of 276.60, a P/E/G ratio of 1.22 and a beta of 2.02. The company has a debt-to-equity ratio of 934.58, a quick ratio of 0.67 and a current ratio of 1.35.

Insiders Place Their Bets

In other Saga news, insider Mark Watkins acquired 276 shares of the business’s stock in a transaction on Wednesday, July 15th. The shares were acquired at an average price of GBX 652 per share, with a total value of £1,799.52. Also, insider Mike Hazell acquired 276 shares of Saga stock in a transaction on Wednesday, July 15th. The stock was acquired at an average price of GBX 652 per share, with a total value of £1,799.52. Company insiders own 30.38% of the company’s stock.

About Saga

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