Saga (LON:SAGA) Sets New 1-Year High – Time to Buy?

Saga plc (LON:SAGA)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 320 and last traded at GBX 317.50, with a volume of 1213686 shares changing hands. The stock had previously closed at GBX 293.

Wall Street Analysts Forecast Growth

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

Saga Stock Performance

The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 625.34. The company has a market capitalization of £457.06 million, a price-to-earnings ratio of -7.23, a price-to-earnings-growth ratio of 1.22 and a beta of 2.57. The stock’s fifty day simple moving average is GBX 267.07 and its 200-day simple moving average is GBX 213.32.

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

Insider Transactions at Saga

In related news, insider Roger De Haan purchased 1,200,000 shares of Saga stock in a transaction on Friday, September 26th. The shares were bought at an average price of GBX 274 per share, with a total value of £3,288,000. 30.77% of the stock is owned by corporate insiders.

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.