Saga PLC’s (SAGA) Add Rating Reiterated at Numis Securities Ltd
SAGA has been the subject of several other reports. Credit Suisse Group boosted their price objective on shares of Saga PLC from GBX 200 ($2.70) to GBX 220 ($2.97) and gave the company a neutral rating in a research report on Wednesday, July 12th. Peel Hunt reissued a buy rating and issued a GBX 250 ($3.37) price objective on shares of Saga PLC in a research report on Thursday, September 7th. Goldman Sachs Group, Inc. (The) boosted their price objective on shares of Saga PLC from GBX 220 ($2.97) to GBX 230 ($3.10) and gave the company a buy rating in a research report on Tuesday, July 4th. Finally, J P Morgan Chase & Co reissued a neutral rating and issued a GBX 215 ($2.90) price objective on shares of Saga PLC in a research report on Friday, September 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 227.86 ($3.07).
Saga PLC (LON SAGA) opened at 195.60 on Friday. The company’s market capitalization is GBX 2.19 billion. The company has a 50-day moving average of GBX 201.49 and a 200-day moving average of GBX 204.29. Saga PLC has a 1-year low of GBX 180.30 and a 1-year high of GBX 222.10.
Saga PLC (LON:SAGA) last released its quarterly earnings data on Friday, September 22nd. The company reported GBX 7.50 ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 7.30 ($0.10) by GBX 0.20 ($0.00). The company had revenue of £435.40 million during the quarter. Saga PLC had a net margin of 15.99% and a return on equity of 11.92%. Equities analysts expect that Saga PLC will post $14.89 EPS for the current fiscal year.
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In other Saga PLC news, insider Lance Batchelor purchased 146 shares of Saga PLC stock in a transaction dated Wednesday, July 12th. The stock was acquired at an average price of GBX 205 ($2.76) per share, for a total transaction of £299.30 ($403.53). In the last 90 days, insiders bought 369 shares of company stock valued at $74,953.
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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