Saga (LON:SAGA) Given New GBX 855 Price Target at Deutsche Bank Aktiengesellschaft

Saga (LON:SAGA) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from GBX 795 to GBX 855 in a research report report published on Thursday morning,Digital Look reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank raised their target price on shares of Saga from GBX 1,025 to GBX 1,130 and gave the stock a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 992.50.

Saga Price Performance

Shares of LON SAGA opened at GBX 781 on Thursday. 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 fifty day moving average price of GBX 658.33 and a 200 day moving average price of GBX 601.07. Saga has a 1-year low of GBX 237 and a 1-year high of GBX 797. The company has a market cap of £1.14 billion, a PE ratio of 325.42, a P/E/G ratio of 1.22 and a beta of 2.02.

Saga (LON:SAGA) last posted its quarterly earnings data on Wednesday, September 30th. The company reported GBX 20.50 earnings per share for the quarter. Saga had a net margin of 3.25% and a return on equity of 23.50%. Sell-side analysts forecast that Saga will post 34.7826087 EPS for the current year.

Insider Activity at Saga

In other Saga news, insider Mike Hazell purchased 276 shares of Saga stock in a transaction dated Wednesday, July 15th. The stock was acquired at an average cost of GBX 652 per share, with a total value of £1,799.52. Also, insider Mark Watkins purchased 276 shares of Saga stock in a transaction dated Wednesday, July 15th. The stock was acquired at an average cost of GBX 652 per share, with a total value of £1,799.52. Insiders own 30.38% of the company’s stock.

Key Saga News

Here are the key news stories impacting Saga this week:

• Positive Sentiment: Profit outlook raised: Saga said insurance premiums declined 4.8%, but it increased its annual profit forecast, suggesting improved profitability from its turnaround strategy. Saga insurance premiums fall 4.8%, raises annual profit outlook
• Positive Sentiment: Strong cruise performance: Robust demand for cruises and holidays among over-50s customers is contributing to expectations of a significant annual profit increase. Saga delivers strong cruise interim performance outlook
• Positive Sentiment: Turnaround gaining traction: Coverage of Saga’s results indicates the company is ahead of its growth plans, with its restructuring and focus on insurance and travel beginning to produce financial benefits. Saga’s turnaround starts paying for itself
• Positive Sentiment: Analyst confidence improved: Deutsche Bank raised its price target from 795p to 855p and assigned a “buy” rating. Berenberg separately lifted its target from 1,025p to 1,130p, also maintaining a “buy” rating. Saga stock price target raised at Deutsche Bank
• Neutral Sentiment: Saga reported quarterly EPS of 20.50p, but it still recorded a negative net margin of 1.53% and negative return on equity of 15.72%, showing that the recovery remains incomplete.
• Negative Sentiment: The 4.8% decline in insurance premiums and Saga’s substantial debt burden remain risks, while the stock’s high price-to-earnings ratio leaves it vulnerable if profit improvements disappoint.

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.