Saga (LON:SAGA) Insider Buys £3,288,000 in Stock

Key Points

• Roger De Haan, an insider at Saga plc, purchased 1,200,000 shares for a total of £3,288,000 at an average price of GBX 274 per share.
• Saga's stock recently received a buy rating and a price target upgrade from Deutsche Bank, rising from GBX 185 to GBX 285.
• Despite the recent investments and upgrades, Saga reported a negative return on equity of 87.14% and a net margin of -18.42% for the last quarter.

Saga plc (LON:SAGA - Get Free Report) insider Roger De Haan purchased 1,200,000 shares of the stock in a transaction on Friday, September 26th. The stock was acquired at an average price of GBX 274 per share, with a total value of £3,288,000.

Saga Stock Up 0.5%

SAGA opened at GBX 266.91 on Monday. The company has a debt-to-equity ratio of 625.34, a current ratio of 1.33 and a quick ratio of 0.67. The stock has a market capitalization of £384.22 million, a price-to-earnings ratio of -227.35, a price-to-earnings-growth ratio of 1.22 and a beta of 2.57. The business has a 50-day moving average of GBX 200.30 and a two-hundred day moving average of GBX 165.57. Saga plc has a 12 month low of GBX 105 and a 12 month high of GBX 274.

Saga (LON:SAGA - Get Free Report) last released its quarterly earnings data on Wednesday, September 24th. The company reported GBX 16.80 earnings per share for the quarter. Saga had a negative return on equity of 87.14% and a negative net margin of 18.42%. On average, research analysts expect that Saga plc will post 34.7826087 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Saga from GBX 185 to GBX 285 and gave the company a "buy" rating in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Saga currently has a consensus rating of "Buy" and an average target price of GBX 285.

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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