Saga (LON:SAGA) Reaches New 52-Week High – Here’s What Happened

Shares of Saga plc (LON:SAGA) hit a new 52-week high on Monday. The stock traded as high as GBX 823 and last traded at GBX 822, with a volume of 153,053 shares trading hands. The stock had previously closed at GBX 804.

Wall Street Analysts Forecast Growth

SAGA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Saga from GBX 795 to GBX 855 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Berenberg Bank increased their target price on shares of Saga from GBX 1,025 to GBX 1,130 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Saga has an average rating of “Buy” and a consensus price target of GBX 992.50.

Saga Trading Down 0.2%

The company has a debt-to-equity ratio of 503.16, a current ratio of 0.91 and a quick ratio of 0.67. The firm has a market cap of £1.23 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 1.22 and a beta of 2.02. The firm’s fifty day moving average is GBX 696.64 and its 200-day moving average is GBX 595.03.

Saga (LON:SAGA) last announced its quarterly earnings data on Wednesday, September 30th. The company reported GBX 20.50 earnings per share (EPS) for the quarter. Saga had a return on equity of 23.50% and a net margin of 3.25%. Equities analysts anticipate that Saga plc will post 34.78 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.