Saga (LON:SAGA) Hits New 12-Month High – What’s Next?

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

Analyst Ratings Changes

Several equities analysts recently weighed in on SAGA shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Saga from GBX 795 to GBX 855 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Berenberg Bank raised their target price on Saga from GBX 1,025 to GBX 1,130 and gave the company a “buy” rating in a report on Wednesday, September 30th. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 992.50.

Saga Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of 503.16. The company has a fifty day moving average price of GBX 717.97 and a two-hundred day moving average price of GBX 606.41. The company has a market cap of £1.31 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 1.22 and a beta of 1.96.

Saga (LON:SAGA) last announced 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, equities research analysts anticipate that Saga plc will post 34.78 EPS for the current fiscal year.

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.