Saga (SAGA) Reaches New 52-Week Low at $52.90

Shares of Saga PLC (LON:SAGA) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 52.90 ($0.69) and last traded at GBX 53.60 ($0.70), with a volume of 2783339 shares. The stock had previously closed at GBX 54.80 ($0.72).

SAGA has been the subject of a number of research reports. Peel Hunt decreased their price objective on Saga from GBX 180 ($2.35) to GBX 110 ($1.44) and set a “buy” rating for the company in a report on Thursday, April 25th. UBS Group downgraded Saga to a “neutral” rating and decreased their price objective for the stock from GBX 150 ($1.96) to GBX 65 ($0.85) in a report on Monday, April 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 120 ($1.57) price objective on shares of Saga in a report on Thursday, April 4th. Shore Capital reiterated a “not rated” rating on shares of Saga in a report on Thursday, April 4th. Finally, Investec reiterated a “hold” rating and issued a GBX 107 ($1.40) price objective on shares of Saga in a report on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Saga has an average rating of “Hold” and a consensus target price of GBX 116.40 ($1.52).

The company has a quick ratio of 0.25, a current ratio of 0.91 and a debt-to-equity ratio of 46.14. The firm has a market capitalization of $579.89 million and a PE ratio of -3.57.

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

In related news, insider Gareth J. Hoskin purchased 66,907 shares of Saga stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average cost of GBX 60 ($0.78) per share, for a total transaction of £40,144.20 ($52,455.51). Also, insider Gareth Williams purchased 11,384 shares of Saga stock in a transaction dated Friday, April 12th. The shares were bought at an average price of GBX 57 ($0.74) per share, with a total value of £6,488.88 ($8,478.87). In the last quarter, insiders acquired 160,684 shares of company stock valued at $9,459,063.

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Saga Company Profile (LON:SAGA)

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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