Saga (LON:SAGA) Sets New 12-Month High - Here's What Happened

Key Points

• Saga shares reached a new 52-week high, trading as high as GBX 823 and last changing hands at GBX 822, up from the prior close of GBX 804.
• Analyst sentiment remains positive: Berenberg raised its price target to GBX 1,130 and Deutsche Bank to GBX 855, while the consensus rating is “Buy” with a GBX 992.50 target.
• Saga reported quarterly earnings of GBX 20.50 per share, with a 23.50% return on equity and a 3.25% net margin; analysts forecast full-year earnings of GBX 34.78 per share.

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

Key Stories Impacting Saga

Here are the key news stories impacting Saga this week:

• Neutral Sentiment: An article about Bank of Saga Ltd. (JP:8395) says the Japanese bank raised its interim earnings and dividend forecasts because of stronger income. This is a separate company from UK-listed Saga plc and should not be treated as a catalyst for SAGA shares. Bank of Saga lifts interim earnings and dividend forecasts on stronger income
• Neutral Sentiment: The remaining reports concern unrelated entertainment and video-game properties, including Vinland Saga, Romancing SaGa 2, The Drop: A Snowfall Saga, The Wingfeather Saga and Marvel’s “Multiverse Saga.” They have no apparent connection to Saga plc’s operations or financial outlook. Romancing SaGa 2 reaches one million units Vinland Saga author update The Drop: A Snowfall Saga interview

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SAGA shares. Berenberg Bank raised their price target on shares of Saga from GBX 1,025 to GBX 1,130 and gave the stock a "buy" rating in a research note on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Saga from GBX 795 to GBX 855 and gave the company a "buy" rating in a research report on Thursday, October 1st. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 992.50.

Saga Stock Performance

The firm has a market cap of £1.20 billion, a PE ratio of 33.31, a P/E/G ratio of 1.22 and a beta of 2.02. 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 stock has a 50-day moving average price of GBX 689.37 and a 200 day moving average price of GBX 633.69.

Saga (LON:SAGA - Get Free Report) last released its earnings results on Wednesday, September 30th. The company reported GBX 20.50 earnings per share for the quarter. Saga had a return on equity of 23.50% and a net margin of 3.25%. Research analysts forecast 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.

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