Peel Hunt reiterated their buy rating on shares of Saga (LON:SAGA) in a report published on Tuesday, Digital Look reports. They currently have a GBX 110 ($1.44) price objective on the stock.
SAGA has been the topic of a number of other reports. JPMorgan Chase & Co. downgraded shares of Saga to an underweight rating and lowered their price objective for the company from GBX 140 ($1.83) to GBX 120 ($1.57) in a research report on Friday, March 8th. UBS Group downgraded shares of Saga to a neutral rating and lowered their price objective for the company from GBX 150 ($1.96) to GBX 65 ($0.85) in a research report on Monday, April 8th. Numis Securities reaffirmed a buy rating on shares of Saga in a research report on Thursday, April 4th. Shore Capital reaffirmed a not rated rating on shares of Saga in a research report on Thursday, April 4th. Finally, Investec reaffirmed a hold rating and set a GBX 107 ($1.40) price objective on shares of Saga in a research report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 116.40 ($1.52).
SAGA stock opened at GBX 39.72 ($0.52) on Tuesday. Saga has a 52-week low of GBX 40.62 ($0.53) and a 52-week high of GBX 141.20 ($1.85). The company has a current ratio of 0.91, a quick ratio of 0.25 and a debt-to-equity ratio of 46.14. The company has a market cap of $445.52 million and a PE ratio of -2.74.
The business also recently disclosed a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be given a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.49%. The ex-dividend date of this dividend is Thursday, May 16th. Saga’s payout ratio is presently -0.28%.
In other Saga news, insider Gareth Williams bought 11,384 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was bought at an average cost of GBX 57 ($0.74) per share, with a total value of £6,488.88 ($8,478.87). Also, insider Gareth J. Hoskin bought 66,907 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average cost of GBX 60 ($0.78) per share, with a total value of £40,144.20 ($52,455.51). Insiders acquired 160,684 shares of company stock valued at $9,459,063 over the last three months.
Saga Company Profile
Saga plc engages in insurance, travel, personal finance, healthcare, retirement villages, and media businesses in the United Kingdom. The company operates in three segments: Insurance, Travel, and Emerging Businesses and Central Costs. It offers car, caravan, motorhome, breakdown cover, home, landlord, holiday home, home emergency, pet, travel, boat, health, personal accident, and life insurance, as well as accidental death benefit products.
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