Saga (LON:SAGA) Sets New 12-Month High - Time to Buy?

Key Points

• Saga plc shares reached a new 52-week high at GBX 288 ($3.87), indicating strong market interest with a trading volume of over 503,000 shares.
• Deutsche Bank upgraded the company's price target from GBX 185 to GBX 285 and assigned a "buy" rating, emphasizing positive sentiment among analysts with an average target price of GBX 285.
• Insider Roger De Haan bought 1.2 million shares at an average price of GBX 274, highlighting insider confidence in the company's future performance, with insiders owning about 29.94% of the stock.

Saga plc (LON:SAGA - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 288 ($3.87) and last traded at GBX 288 ($3.87), with a volume of 503233 shares trading hands. The stock had previously closed at GBX 273.50 ($3.68).

Analyst Ratings Changes

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

Saga Stock Performance

The stock has a market cap of £414.59 million, a price-to-earnings ratio of -245.32, a PEG ratio of 1.22 and a beta of 2.57. The stock's fifty day moving average is GBX 204.14 and its 200-day moving average is GBX 167.38. The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 625.34.

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

Insiders Place Their Bets

In related news, insider Roger De Haan purchased 1,200,000 shares of the business's stock in a transaction on Friday, September 26th. The shares were purchased at an average price of GBX 274 per share, with a total value of £3,288,000. Insiders own 29.94% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.