Saga PLC (LON:SAGA) Given Consensus Rating of “Hold” by Analysts

Shares of Saga PLC (LON:SAGA) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 83.50 ($1.09).

A number of equities analysts have weighed in on SAGA shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 120 ($1.57) target price on shares of Saga in a research note on Thursday, April 4th. UBS Group reissued a “neutral” rating on shares of Saga in a research report on Thursday, June 13th. Numis Securities reissued a “buy” rating and set a GBX 180 ($2.35) price target on shares of Saga in a research report on Friday, March 29th. Investec reissued a “hold” rating and set a GBX 107 ($1.40) price target on shares of Saga in a research report on Thursday, April 4th. Finally, Peel Hunt reduced their price target on shares of Saga from GBX 185 ($2.42) to GBX 180 ($2.35) and set a “buy” rating for the company in a research report on Wednesday, March 27th.

Shares of LON SAGA traded up GBX 0.34 ($0.00) on Tuesday, reaching GBX 34.50 ($0.45). 7,798,509 shares of the company’s stock traded hands, compared to its average volume of 4,570,000. Saga has a 12 month low of GBX 31.78 ($0.42) and a 12 month high of GBX 141.20 ($1.85). The company has a 50 day moving average of GBX 45.37. The stock has a market cap of $386.97 million and a P/E ratio of -2.38. 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 business also recently announced a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 16th will be given a GBX 1 ($0.01) dividend. This represents a yield of 1.49%. The ex-dividend date of this dividend is Thursday, May 16th. Saga’s dividend payout ratio (DPR) is presently -0.28%.

In related news, insider Gareth J. Hoskin bought 66,907 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average price of GBX 60 ($0.78) per share, with a total value of £40,144.20 ($52,455.51). Also, insider James Quin bought 33,118 shares of the business’s stock in a transaction on Monday, April 29th. The stock was bought at an average cost of GBX 60 ($0.78) per share, with a total value of £19,870.80 ($25,964.72). In the last ninety days, insiders acquired 160,684 shares of company stock valued at $9,459,063.

About Saga

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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