Saga (LON:SAGA) Stock Crosses Above 50-Day Moving Average - Here's Why

Key Points

• Saga's share price crossed above its 50-day moving average, with the 50-day at GBX 528.21 and the stock trading as high as GBX 623 and last at GBX 610 on volume of 538,233 shares.
• Analyst sentiment is positive: Deutsche Bank reaffirmed a "Buy" rating with a GBX 600 price target and the consensus rating on MarketBeat is "Buy" with a GBX 600 consensus target.
• Fundamentals remain strained: Saga has a market cap of £856.53M, reported a quarterly loss of GBX 2.90 per share, a negative P/E of -13.55 and an extremely high debt-to-equity ratio of 934.58.

Saga plc (LON:SAGA - Get Free Report)'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 528.21 and traded as high as GBX 623. Saga shares last traded at GBX 610, with a volume of 538,233 shares.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 600 price target on shares of Saga in a research note on Thursday, April 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 600.

Saga Stock Performance

The company has a market capitalization of £856.53 million, a price-to-earnings ratio of -13.55, a price-to-earnings-growth ratio of 1.22 and a beta of 1.96. The company has a debt-to-equity ratio of 934.58, a quick ratio of 0.67 and a current ratio of 1.35. The company's fifty day simple moving average is GBX 528.21 and its two-hundred day simple moving average is GBX 411.68.

Saga (LON:SAGA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 15th. The company reported GBX (2.90) earnings per share for the quarter. The company had revenue of £660 million for the quarter. Saga had a negative return on equity of 15.72% and a negative net margin of 1.53%. Equities research analysts predict that Saga plc will post 34.7826087 earnings per share for the current fiscal year.

Saga Company Profile

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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