Saga (LON:SAGA) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Saga plc (LON:SAGA)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 580.13 and traded as high as GBX 670. Saga shares last traded at GBX 645.65, with a volume of 470,559 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,025 target price on shares of Saga in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft boosted their price target on Saga from GBX 600 to GBX 795 and gave the company a “buy” rating in a report on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 910.

Saga Stock Down 0.8%

The firm has a market cap of £950.77 million, a P/E ratio of 272.48, a P/E/G ratio of 1.22 and a beta of 2.02. The company has a current ratio of 1.35, a quick ratio of 0.67 and a debt-to-equity ratio of 934.58. The business has a 50-day moving average price of GBX 581.08 and a 200-day moving average price of GBX 533.92.

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

Insider Transactions at Saga

In other Saga news, insider Mark Watkins sold 30,205 shares of the firm’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of GBX 670, for a total transaction of £202,373.50. 30.38% of the stock is currently owned by insiders.

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.