Saga (LON:SAGA) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Shares of Saga plc (LON:SAGA) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 549.16 and traded as high as GBX 568. Saga shares last traded at GBX 564, with a volume of 263,514 shares.

Wall Street Analysts Forecast Growth

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

Saga Stock Performance

The company has a market capitalization of £811.91 million, a P/E ratio of 235.00, a P/E/G ratio of 1.22 and a beta of 2.02. The stock’s 50 day moving average is GBX 549.16 and its 200-day moving average is GBX 460.04. The company has a debt-to-equity ratio of 934.58, a current ratio of 1.35 and a quick ratio of 0.67.

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 return on equity of 15.72% and a negative net margin of 1.53%.The company had revenue of £660 million during the quarter. As a group, equities research analysts anticipate that Saga plc will post 34.7826087 earnings per share for the current 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.