Analysts Set Saga PLC (LON:SAGA) Price Target at $229.17

Shares of Saga PLC (LON:SAGA) have been assigned a consensus recommendation of “Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 229.29 ($2.99).

SAGA has been the topic of a number of analyst reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 250 ($3.26) price objective on shares of Saga PLC in a research note on Thursday, March 23rd. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 215 ($2.81) price objective on shares of Saga PLC in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 220 ($2.87) price objective on shares of Saga PLC in a research note on Monday, May 8th. Credit Suisse Group upped their price objective on shares of Saga PLC from GBX 200 ($2.61) to GBX 220 ($2.87) and gave the company a “neutral” rating in a research note on Wednesday, July 12th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Saga PLC in a research note on Thursday, March 30th.

In related news, insider Jonathan Hill sold 24,683 shares of the business’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of GBX 208 ($2.72), for a total transaction of £51,340.64 ($67,041.84). Also, insider Lance Batchelor bought 146 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were bought at an average price of GBX 205 ($2.68) per share, for a total transaction of £299.30 ($390.83). Insiders have purchased a total of 292 shares of company stock worth $59,860 in the last quarter.

Saga PLC (SAGA) traded up 0.91% during midday trading on Friday, reaching GBX 209.70. 1,137,201 shares of the company’s stock traded hands. Saga PLC has a 1-year low of GBX 180.30 and a 1-year high of GBX 227.38. The firm’s market cap is GBX 2.34 billion. The stock’s 50 day moving average price is GBX 203.04 and its 200 day moving average price is GBX 198.27.

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About Saga PLC

Saga plc is a provider of services for the customers aged 50 and over. The Company operates through three segments: Insurance, Travel, and Emerging Businesses and Central Costs. Insurance segment consists of general insurance products, such as Motor insurance, Home insurance and Other insurance. Travel segment primarily consists of the operation and delivery of package tours and cruise holiday products.

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