Peel Hunt Lowers Saga (SAGA) Price Target to GBX 195
Saga (LON:SAGA) had its price objective dropped by analysts at Peel Hunt from GBX 240 ($3.23) to GBX 195 ($2.62) in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s target price suggests a potential upside of 57.77% from the company’s previous close.
A number of other equities research analysts have also issued reports on the stock. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 190 ($2.56) target price on shares of Saga in a research note on Wednesday, December 13th. Goldman Sachs Group lowered shares of Saga to a “neutral” rating in a research note on Tuesday, December 12th. Citigroup reissued a “buy” rating and set a GBX 187 ($2.52) target price on shares of Saga in a research note on Thursday, December 7th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 250 ($3.36) target price on shares of Saga in a research note on Thursday, December 7th. Finally, Credit Suisse Group decreased their target price on shares of Saga from GBX 220 ($2.96) to GBX 210 ($2.83) and set a “neutral” rating for the company in a research note on Thursday, October 5th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Saga currently has an average rating of “Hold” and a consensus price target of GBX 215.88 ($2.91).
Shares of Saga (LON:SAGA) opened at GBX 124.60 ($1.68) on Tuesday. Saga has a 52 week low of GBX 121.50 ($1.64) and a 52 week high of GBX 216.13 ($2.91).
In other Saga news, insider Jonathan Hill acquired 17,400 shares of Saga stock in a transaction that occurred on Monday, December 11th. The stock was acquired at an average price of GBX 133 ($1.79) per share, with a total value of £23,142 ($31,146.70). Also, insider Lance Batchelor acquired 71,997 shares of Saga stock in a transaction that occurred on Wednesday, December 6th. The stock was acquired at an average cost of GBX 138 ($1.86) per share, with a total value of £99,355.86 ($133,722.56). In the last ninety days, insiders purchased 89,557 shares of company stock valued at $12,279,872.
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Saga 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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