Saga (LON:SAGA) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Saga plc shares have crossed above their fifty-day moving average, trading at GBX 273.50 ($3.64) after hitting a high of GBX 278.50 ($3.71).
• Deutsche Bank has upgraded Saga's target price from GBX 185 to GBX 285, maintaining a "buy" rating on the stock amidst a generally positive analyst outlook.
• Insider Roger De Haan purchased 1.2 million shares for £3.29 million at an average price of GBX 274 per share, indicating strong insider confidence in the company's future.

Saga plc (LON:SAGA - Get Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 224.03 ($2.98) and traded as high as GBX 278.50 ($3.71). Saga shares last traded at GBX 273.50 ($3.64), with a volume of 1,152,396 shares trading hands.

Analyst Upgrades and Downgrades

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

Saga Price Performance

The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 625.34. The stock's 50-day simple moving average is GBX 224.03 and its two-hundred day simple moving average is GBX 177.86. The company has a market capitalization of £393.52 million, a price-to-earnings ratio of -622.69, a PEG ratio of 1.22 and a beta of 2.57.

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

Insiders Place Their Bets

In related news, insider Roger De Haan acquired 1,200,000 shares of Saga stock in a transaction on Friday, September 26th. The stock was bought at an average cost of GBX 274 per share, for a total transaction of £3,288,000. Corporate insiders own 30.77% of the company's stock.

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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