Saga (LON:SAGA) Reaches New 52-Week High – Time to Buy?

Saga plc (LON:SAGA) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 671 and last traded at GBX 656.27, with a volume of 1988117 shares changing hands. The stock had previously closed at GBX 601.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 600 price target on shares of Saga in a report on Thursday, April 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 600.

Saga Stock Up 9.2%

The firm has a market cap of £954.15 million, a P/E ratio of 273.45, a P/E/G ratio of 1.22 and a beta of 2.02. The firm’s fifty day moving average is GBX 571.41 and its 200 day moving average is GBX 508.05. The company has a debt-to-equity ratio of 934.58, a quick ratio of 0.67 and a current ratio of 1.35.

Saga (LON:SAGA) last released its quarterly earnings results on Wednesday, April 15th. The company reported GBX (2.90) earnings per share for the quarter. The company had revenue of £660 million during the quarter. Saga had a negative net margin of 1.53% and a negative return on equity of 15.72%. As a group, equities research analysts anticipate that Saga plc will post 34.7826087 earnings per share for the current fiscal year.

About Saga

Saga exists to deliver exceptional experiences for our customers every day, whilst being a driver of positive change in our markets and communities.