Saga (LON:SAGA) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Saga plc (LON:SAGA)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 532.51 and traded as high as GBX 601. Saga shares last traded at GBX 587.78, with a volume of 124,291 shares.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 600 price objective on shares of Saga in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 600.

Saga Price Performance

The company has a 50 day simple moving average of GBX 532.51 and a 200-day simple moving average of GBX 423.79. The stock has a market cap of £846.13 million, a price-to-earnings ratio of -13.39, a P/E/G ratio of 1.22 and a beta of 1.96. The company has a current ratio of 1.35, a quick ratio of 0.67 and a debt-to-equity ratio of 934.58.

Saga (LON:SAGA) last released its quarterly earnings results on Wednesday, April 15th. The company reported GBX (2.90) earnings per share (EPS) for the quarter. Saga had a negative net margin of 1.53% and a negative return on equity of 15.72%. The firm had revenue of £660 million during the quarter. Research analysts expect that Saga plc will post 34.7826087 EPS for the current year.

Saga Company Profile

Saga exists to deliver exceptional experiences for our customers every day, whilst being a driver of positive change in our markets and communities.