Saga (SAGA) Earns “Buy” Rating from Peel Hunt

Saga (LON:SAGA)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research report issued on Monday, January 22nd. They presently have a GBX 195 ($2.69) price objective on the stock. Peel Hunt’s price target points to a potential upside of 68.10% from the stock’s previous close.

SAGA has been the subject of several other reports. Royal Bank of Canada began coverage on shares of Saga in a report on Friday, December 1st. They set an “outperform” rating and a GBX 250 ($3.45) price objective for the company. Credit Suisse Group reduced their price target on shares of Saga from GBX 220 ($3.04) to GBX 210 ($2.90) and set a “neutral” rating on the stock in a research report on Thursday, October 5th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 190 ($2.63) price target on shares of Saga in a research report on Wednesday, December 13th. Goldman Sachs Group downgraded shares of Saga to a “neutral” rating in a research report on Tuesday, December 12th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Saga in a research report on Monday, September 25th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 209.63 ($2.90).

Saga (SAGA) traded up GBX 0.50 ($0.01) on Monday, reaching GBX 116 ($1.60). 4,291,264 shares of the company were exchanged, compared to its average volume of 4,750,000. The firm has a market cap of $1,300.00 and a price-to-earnings ratio of 828.57. Saga has a 1-year low of GBX 108 ($1.49) and a 1-year high of GBX 216.13 ($2.99).

In other Saga news, insider Lance Batchelor bought 71,997 shares of Saga stock in a transaction on Wednesday, December 6th. The stock was purchased at an average cost of GBX 138 ($1.91) per share, for a total transaction of £99,355.86 ($137,269.77). Also, insider Jonathan Hill bought 17,400 shares of Saga stock in a transaction on Monday, December 11th. The stock was acquired at an average price of GBX 133 ($1.84) per share, with a total value of £23,142 ($31,972.92). Over the last 90 days, insiders have purchased 89,519 shares of company stock valued at $12,264,915.

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About Saga

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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