Saga PLC (LON:SAGA) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 120.90 ($1.64) and last traded at GBX 121.30 ($1.64), with a volume of 3238026 shares traded. The stock had previously closed at GBX 121.30 ($1.64).

A number of equities research analysts have recently issued reports on the company. Numis Securities restated an “add” rating and set a GBX 235 ($3.19) price objective on shares of Saga in a report on Friday, September 22nd. Peel Hunt reduced their price objective on Saga from GBX 240 ($3.25) to GBX 195 ($2.64) and set a “buy” rating for the company in a report on Tuesday, December 19th. Royal Bank of Canada cut Saga to a “sector performer” rating in a report on Tuesday, December 19th. Goldman Sachs Group cut Saga to a “neutral” rating in a report on Tuesday, December 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Saga from GBX 215 ($2.92) to GBX 190 ($2.58) and set a “neutral” rating for the company in a report on Thursday, December 7th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 215.88 ($2.93).

The stock has a market cap of $1,360.00 and a P/E ratio of 866.43.

In other news, insider Lance Batchelor acquired 71,997 shares of the stock in a transaction on Wednesday, December 6th. The stock was acquired at an average cost of GBX 138 ($1.87) per share, for a total transaction of £99,355.86 ($134,738.08). Also, insider Jonathan Hill acquired 17,400 shares of the stock in a transaction on Monday, December 11th. The shares were purchased at an average price of GBX 133 ($1.80) per share, with a total value of £23,142 ($31,383.24). Over the last quarter, insiders purchased 89,479 shares of company stock valued at $12,264,896.

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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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