Saga PLC’s (SAGA) “Buy” Rating Reaffirmed at Peel Hunt
Saga PLC (LON:SAGA)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a research note issued to investors on Tuesday. They presently have a GBX 250 ($3.09) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 21.42% from the stock’s previous close.
SAGA has been the topic of several other reports. Beaufort Securities reaffirmed a “buy” rating on shares of Saga PLC in a research report on Thursday, September 22nd. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 190 ($2.35) price target on shares of Saga PLC in a report on Thursday, September 15th. Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 245 ($3.03) price target on shares of Saga PLC in a report on Wednesday, June 15th. Canaccord Genuity lowered Saga PLC to a “hold” rating and set a GBX 225 ($2.78) price target on the stock. in a report on Tuesday, September 27th. Finally, Numis Securities Ltd reissued an “add” rating and set a GBX 235 ($2.91) price target on shares of Saga PLC in a report on Wednesday, September 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 225.83 ($2.79).
Saga PLC (LON:SAGA) opened at 205.40 on Tuesday. The company has a 50-day moving average of GBX 217.97 and a 200 day moving average of GBX 207.86. The firm’s market cap is GBX 2.29 billion. Saga PLC has a 52 week low of GBX 170.80 and a 52 week high of GBX 227.38.
The company also recently announced a dividend, which will be paid on Friday, November 18th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 2.70 ($0.03) per share. The ex-dividend date is Thursday, October 6th. This represents a yield of 1.21%.
In other news, insider Batchelor,Lance bought 149 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The stock was acquired at an average price of GBX 201 ($2.49) per share, with a total value of £299.49 ($370.66).
Saga PLC Company Profile
Saga plc is a provider of services for the customers aged 50 and over. The Company operates through three segments: Insurance, Travel, and Emerging Businesses and Central Costs. Insurance segment consists of general insurance products, such as Motor insurance, Home insurance and Other insurance. Travel segment primarily consists of the operation and delivery of package tours and cruise holiday products.
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