Saga (LON:SAGA) Reaches New 1-Year High – Still a Buy?

Saga plc (LON:SAGA) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 388 and last traded at GBX 382.88, with a volume of 292944 shares traded. The stock had previously closed at GBX 381.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft increased their target price on shares of Saga from GBX 185 to GBX 285 and gave the company a “buy” rating in a research note on Wednesday, September 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 285.

Saga Stock Performance

The firm has a market capitalization of £554.23 million, a P/E ratio of -8.77, a P/E/G ratio of 1.22 and a beta of 2.57. The company has a debt-to-equity ratio of 625.34, a current ratio of 1.33 and a quick ratio of 0.67. The firm has a 50-day moving average price of GBX 281.21 and a two-hundred day moving average price of GBX 227.60.

Saga (LON:SAGA) last posted its quarterly earnings results on Wednesday, September 24th. The company reported GBX 16.80 EPS for the quarter. Saga had a negative net margin of 18.42% and a negative return on equity of 87.14%. On average, analysts forecast that Saga plc will post 34.7826087 EPS for the current fiscal year.

Insider Activity at Saga

In related news, insider Roger De Haan purchased 1,200,000 shares of the firm’s stock in a transaction dated Friday, September 26th. The stock was purchased at an average price of GBX 274 per share, with a total value of £3,288,000. Company insiders own 30.77% of the company’s stock.

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.