Saga (SAGA) PT Lowered to GBX 180

Saga (LON:SAGA) had its target price cut by research analysts at Peel Hunt from GBX 185 ($2.42) to GBX 180 ($2.35) in a research note issued on Wednesday, March 27th, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the stock. Peel Hunt’s price target points to a potential upside of 212.23% from the company’s previous close.

SAGA has been the subject of several other reports. JPMorgan Chase & Co. downgraded shares of Saga to an “underweight” rating and cut their price objective for the stock from GBX 140 ($1.83) to GBX 120 ($1.57) in a report on Friday, March 8th. UBS Group reiterated a “buy” rating on shares of Saga in a research note on Thursday, January 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 130.40 ($1.70).

SAGA stock traded down GBX 1.35 ($0.02) during trading on Wednesday, reaching GBX 57.65 ($0.75). The stock had a trading volume of 3,567,120 shares, compared to its average volume of 4,570,000. Saga has a one year low of GBX 55.65 ($0.73) and a one year high of GBX 141.20 ($1.85). The company has a market capitalization of $646.65 million and a price-to-earnings ratio of -3.98. The company has a debt-to-equity ratio of 46.14, a quick ratio of 0.38 and a current ratio of 1.09.

In other Saga news, insider Julie Hopes purchased 16,910 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average cost of GBX 57 ($0.74) per share, with a total value of £9,638.70 ($12,594.67). Also, insider Gareth Williams purchased 11,384 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were acquired at an average cost of GBX 57 ($0.74) per share, with a total value of £6,488.88 ($8,478.87). Insiders have bought a total of 28,425 shares of company stock worth $1,627,692 in the last ninety days.

Saga Company Profile

Saga plc engages in insurance, travel, personal finance, healthcare, retirement villages, and media businesses in the United Kingdom. The company operates in three segments: Insurance, Travel, and Emerging Businesses and Central Costs. It offers car, caravan, motorhome, breakdown cover, home, landlord, holiday home, home emergency, pet, travel, boat, health, personal accident, and life insurance, as well as accidental death benefit products.

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Analyst Recommendations for Saga (LON:SAGA)

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