Saga (SAGA) Now Covered by Analysts at Royal Bank Of Canada
Research analysts at Royal Bank Of Canada started coverage on shares of Saga (LON:SAGA) in a research report issued to clients and investors on Friday. The firm set an “outperform” rating and a GBX 250 ($3.35) price target on the stock. Royal Bank Of Canada’s price target points to a potential upside of 33.12% from the stock’s current price.
SAGA has been the subject of several other research reports. Numis Securities reiterated an “add” rating and issued a GBX 235 ($3.15) price objective on shares of Saga in a research note on Friday, September 22nd. Peel Hunt reissued a “buy” rating and issued a GBX 250 ($3.35) price target on shares of Saga in a report on Thursday, September 7th. Goldman Sachs Group reissued a “buy” rating and issued a GBX 230 ($3.08) price target on shares of Saga in a report on Tuesday, September 12th. Credit Suisse Group lowered their price objective on shares of Saga from GBX 220 ($2.95) to GBX 210 ($2.81) and set a “neutral” rating on the stock in a research report on Thursday, October 5th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a GBX 215 ($2.88) price objective on shares of Saga in a research report on Tuesday, October 24th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Saga has a consensus rating of “Buy” and a consensus price target of GBX 230 ($3.08).
Shares of Saga (LON SAGA) opened at GBX 187.80 ($2.52) on Friday. Saga has a fifty-two week low of GBX 175.10 ($2.34) and a fifty-two week high of GBX 216.13 ($2.89).
Saga (LON:SAGA) last posted its quarterly earnings data on Friday, September 22nd. The company reported GBX 7.50 ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 7.30 ($0.10) by GBX 0.20 ($0.00). The firm had revenue of £435.40 million during the quarter. Saga had a net margin of 19.15% and a return on equity of 13.77%.
Saga plc is a provider of services for the customers aged 50 and over. The Company operates through three segments: Insurance, Travel, and Emerging Businesses and Central Costs. Insurance segment consists of general insurance products, such as Motor insurance, Home insurance and Other insurance. Travel segment primarily consists of the operation and delivery of package tours and cruise holiday products.
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