Saga (LON:SAGA) Reaches New 1-Year High – What’s Next?

Saga plc (LON:SAGA)’s stock price hit a new 52-week high during trading on Tuesday. The company traded as high as GBX 798.20 and last traded at GBX 786, with a volume of 296,445 shares changing hands. The stock had previously closed at GBX 780.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SAGA shares. Berenberg Bank raised their price objective on shares of Saga from GBX 1,025 to GBX 1,130 and gave the company a “buy” rating in a report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Saga from GBX 795 to GBX 855 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 992.50.

Saga Trading Up 1.3%

The company has a 50-day moving average price of GBX 675.65 and a 200-day moving average price of GBX 618.05. The firm has a market capitalization of £1.15 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 1.22 and a beta of 2.02. The company has a debt-to-equity ratio of 503.16, a quick ratio of 0.67 and a current ratio of 0.91.

Saga (LON:SAGA) last released its quarterly earnings data on Wednesday, September 30th. The company reported GBX 20.50 EPS for the quarter. Saga had a return on equity of 23.50% and a net margin of 3.25%. As a group, research analysts forecast that Saga plc will post 34.78 EPS for the current fiscal 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.