Saga (SAGA) Given Neutral Rating at Credit Suisse Group

Credit Suisse Group reiterated their neutral rating on shares of Saga (LON:SAGA) in a research report sent to investors on Monday morning.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada downgraded shares of Saga to a sector performer rating in a report on Tuesday, December 19th. Citigroup reaffirmed a buy rating and issued a GBX 187 ($2.58) target price on shares of Saga in a report on Thursday, December 7th. JPMorgan Chase & Co. lowered their target price on shares of Saga from GBX 215 ($2.97) to GBX 190 ($2.63) and set a neutral rating on the stock in a report on Thursday, December 7th. Peel Hunt lowered their target price on shares of Saga from GBX 240 ($3.32) to GBX 195 ($2.69) and set a buy rating on the stock in a report on Tuesday, December 19th. Finally, Goldman Sachs Group downgraded shares of Saga to a neutral rating in a report on Tuesday, December 12th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 209.63 ($2.90).

Shares of Saga (SAGA) opened at GBX 115.70 ($1.60) on Monday. The firm has a market cap of $1,300.00 and a PE ratio of 826.43. Saga has a fifty-two week low of GBX 108 ($1.49) and a fifty-two week high of GBX 216.13 ($2.99).

In related news, insider Jonathan Hill acquired 17,400 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average price of GBX 133 ($1.84) per share, with a total value of £23,142 ($31,972.92). Also, insider Lance Batchelor acquired 71,997 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were bought at an average cost of GBX 138 ($1.91) per share, for a total transaction of £99,355.86 ($137,269.77). In the last three months, insiders have purchased 89,519 shares of company stock worth $12,264,915.

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Saga Company Profile

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.

Analyst Recommendations for Saga (LON:SAGA)

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