Saga (SAGA) Receives Buy Rating from UBS Group

UBS Group reissued their buy rating on shares of Saga (LON:SAGA) in a report published on Thursday, April 4th, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 150 ($1.96) target price on the stock.

A number of other equities analysts have also recently issued reports on the stock. Peel Hunt reissued a buy rating on shares of Saga in a report on Wednesday, January 16th. Numis Securities reissued a buy rating and issued a GBX 180 ($2.35) target price on shares of Saga in a report on Friday, March 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Saga from GBX 145 ($1.89) to GBX 140 ($1.83) and set a neutral rating on the stock in a report on Thursday, January 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 116.40 ($1.52).

LON SAGA traded up GBX 0.35 ($0.00) during trading hours on Thursday, hitting GBX 58.75 ($0.77). The company had a trading volume of 3,755,160 shares, compared to its average volume of 4,570,000. Saga has a fifty-two week low of GBX 55.65 ($0.73) and a fifty-two week high of GBX 141.20 ($1.85). The company has a market cap of $658.99 million and a P/E ratio of -4.05. The company has a current ratio of 1.09, a quick ratio of 0.38 and a debt-to-equity ratio of 46.14.

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 16th will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, May 16th. This represents a yield of 1.49%. Saga’s dividend payout ratio (DPR) is presently -0.62%.

In other Saga news, insider Lance Batchelor acquired 32,365 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were acquired at an average cost of GBX 57 ($0.74) per share, with a total value of £18,448.05 ($24,105.64). Also, insider Gareth Williams acquired 11,384 shares of the company’s stock in a transaction on Friday, April 12th. The shares were acquired at an average cost of GBX 57 ($0.74) per share, for a total transaction of £6,488.88 ($8,478.87). Insiders have acquired a total of 60,790 shares of company stock valued at $3,472,497 in the last 90 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.

Further Reading: What is Net Asset Value (NAV)?

Analyst Recommendations for Saga (LON:SAGA)

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