Saga (LON:SAGA) Sets New 52-Week High – Here’s What Happened

Shares of Saga plc (LON:SAGA) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as GBX 921 and last traded at GBX 901.41, with a volume of 13,462,981 shares trading hands. The stock had previously closed at GBX 910.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SAGA shares. Berenberg Bank increased their target price on Saga from GBX 1,025 to GBX 1,130 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Saga from GBX 795 to GBX 855 and gave the company a “buy” rating in a research report on Thursday, October 1st. Two analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 992.50.

Saga Price Performance

The stock’s 50 day moving average is GBX 725.43 and its two-hundred day moving average is GBX 610.95. The company has a debt-to-equity ratio of 503.16, a current ratio of 0.91 and a quick ratio of 0.67. The stock has a market capitalization of £1.24 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 1.22 and a beta of 1.96.

Saga (LON:SAGA) last issued its quarterly earnings results on Wednesday, September 30th. The company reported GBX 20.50 earnings per share (EPS) for the quarter. Saga had a net margin of 3.25% and a return on equity of 23.50%. As a group, sell-side analysts forecast that Saga plc will post 34.78 earnings per share for the current fiscal year.

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.