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

Shares of Saga plc (LON:SAGA) hit a new 52-week high on Wednesday . The company traded as high as GBX 685 and last traded at GBX 659, with a volume of 31676 shares changing hands. The stock had previously closed at GBX 663.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Saga from GBX 600 to GBX 795 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Berenberg Bank restated a “buy” rating and set a GBX 1,025 target price on shares of Saga in a report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 910.

Saga Trading Down 0.9%

The business has a 50 day moving average of GBX 595.94 and a 200-day moving average of GBX 547.57. The stock has a market cap of £955.21 million, a PE ratio of 273.75, a price-to-earnings-growth ratio of 1.22 and a beta of 2.02. The company has a current ratio of 1.35, a quick ratio of 0.67 and a debt-to-equity ratio of 934.58.

Insiders Place Their Bets

In other news, insider Mark Watkins sold 30,205 shares of the company’s stock in a transaction on Friday, July 3rd. The stock was sold at an average price of GBX 670, for a total value of £202,373.50. Also, insider Mike Hazell acquired 276 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The shares were bought at an average cost of GBX 652 per share, for a total transaction of £1,799.52. 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.