Saga (LON:SAGA) Given New GBX 855 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank raised Saga’s price target from GBX 795 to GBX 855 and maintained a “buy” rating, implying 12.8% upside from the current price.
• Berenberg also increased its target to GBX 1,130 with a “buy” rating, while Saga’s consensus rating remains “Buy” and the average target is GBX 992.50.
• Saga’s turnaround is showing progress, supported by cruise and insurance demand, but profitability remains fragile: the company reported GBX 20.50 quarterly EPS alongside a negative net margin and return on equity.

Saga (LON:SAGA - Get Free Report) had its price target hoisted by analysts at Deutsche Bank Aktiengesellschaft from GBX 795 to GBX 855 in a research report issued on Thursday, Digital Look reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 12.80% from the company's current price.

Separately, Berenberg Bank lifted 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. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of GBX 992.50.

Saga Stock Performance

LON:SAGA opened at GBX 758 on Thursday. The stock has a market cap of £1.10 billion, a P/E ratio of 315.83, a PEG ratio of 1.22 and a beta of 2.02. The company has a quick ratio of 0.67, a current ratio of 1.35 and a debt-to-equity ratio of 934.58. The business's 50-day moving average price is GBX 655.47 and its two-hundred day moving average price is GBX 598.83. Saga has a twelve month low of GBX 237 and a twelve month high of GBX 797.

Saga (LON:SAGA - Get Free Report) last issued its quarterly earnings data on Wednesday, September 30th. The company reported GBX 20.50 EPS for the quarter. Saga had a negative return on equity of 15.72% and a negative net margin of 1.53%. As a group, equities analysts predict that Saga will post 34.7826087 EPS for the current fiscal year.

Insider Transactions at Saga

In other news, insider Mike Hazell purchased 276 shares of the stock in a transaction on Wednesday, July 15th. The shares were acquired at an average price of GBX 652 per share, for a total transaction of £1,799.52. Also, insider Mark Watkins purchased 276 shares of the company's stock in a transaction on Wednesday, July 15th. The shares were purchased at an average cost of GBX 652 per share, with a total value of £1,799.52. Company insiders own 30.38% of the company's stock.

Key Stories Impacting Saga

Here are the key news stories impacting Saga this week:

• Positive Sentiment: Turnaround delivering results: Saga said its restructuring and focus on older customers are beginning to pay off, with the company reportedly “significantly ahead” of its growth plans. Improving operating performance supports the investment case. Saga’s Turnaround Starts Paying for Itself
• Positive Sentiment: Profit outlook strengthened: Saga forecast a substantial increase in annual profit, citing strong demand for cruises and insurance. The outlook suggests its core businesses are benefiting from pricing, customer demand and the turnaround strategy. UK’s Saga forecasts annual profit jump
• Positive Sentiment: Analyst upgrade: Berenberg raised its price target from GBX 1,025 to GBX 1,130 and maintained a “buy” rating. The higher valuation target provided an additional catalyst and helped the stock reach a new 52-week high. Saga stock price target raised at Berenberg Bank
• Neutral Sentiment: Quarterly results mixed: Saga reported quarterly earnings of GBX 20.50 per share, but still posted a negative 1.53% net margin and negative 15.72% return on equity. These figures show that profitability remains fragile despite the improving outlook. Saga quarterly earnings report

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.

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