Saga (LON:SAGA) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Saga plc (LON:SAGA)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 593.41 and traded as high as GBX 670. Saga shares last traded at GBX 663.85, with a volume of 822,483 shares changing hands.

Analyst Ratings Changes

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

Saga Stock Up 4.2%

The stock’s 50-day moving average price is GBX 593.41 and its 200-day moving average price is GBX 545.87. 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 stock has a market cap of £965.17 million, a price-to-earnings ratio of 276.60, a P/E/G ratio of 1.22 and a beta of 2.02.

Insider Activity

In related news, insider Mike Hazell purchased 276 shares of Saga stock in a transaction on Wednesday, July 15th. The stock was acquired at an average cost of GBX 652 per share, for a total transaction of £1,799.52. Also, insider Mark Watkins sold 30,205 shares of the business’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of GBX 670, for a total value of £202,373.50. Company insiders own 30.38% 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.