Saga (LON:SAGA) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Saga plc (LON:SAGA)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 587.31 and traded as high as GBX 644. Saga shares last traded at GBX 635.23, with a volume of 436,887 shares trading hands.

Analyst Upgrades and Downgrades

SAGA has been the topic of several recent analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 1,025 price objective on shares of Saga in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 795 target price on shares of Saga in a report on Friday, August 21st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 910.

Saga Trading Down 1.6%

The company has a debt-to-equity ratio of 934.58, a current ratio of 1.35 and a quick ratio of 0.67. The firm has a market cap of £923.56 million, a PE ratio of 264.68, a price-to-earnings-growth ratio of 1.22 and a beta of 2.02. The company’s 50 day moving average price is GBX 663.29 and its 200 day moving average price is GBX 587.31.

Insider Buying and Selling

In other Saga news, insider Mike Hazell purchased 276 shares of the firm’s stock in a transaction on Wednesday, July 15th. The stock was bought at an average price of GBX 652 per share, with a total value of £1,799.52. Also, insider Mark Watkins purchased 276 shares of the company’s stock in a transaction on Wednesday, July 15th. The stock was acquired at an average price of GBX 652 per share, with a total value of £1,799.52. 30.38% of the stock is owned by corporate insiders.

Saga Company Profile

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