Saga PLC (LON:SAGA) had its target price increased by equities researchers at Credit Suisse Group from GBX 200 ($2.60) to GBX 220 ($2.86) in a research report issued on Wednesday, July 12th, MarketBeat.com reports. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group’s target price suggests a potential upside of 9.89% from the stock’s current price.
Several other research analysts have also weighed in on SAGA. Peel Hunt reaffirmed a “buy” rating and issued a GBX 250 ($3.26) target price on shares of Saga PLC in a research report on Thursday, March 23rd. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 215 ($2.80) price objective on shares of Saga PLC in a research report on Thursday, March 30th. Beaufort Securities reissued a “buy” rating on shares of Saga PLC in a research report on Thursday, March 30th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Saga PLC in a research report on Thursday, April 20th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 229.29 ($2.99).
Shares of Saga PLC (LON:SAGA) traded down 2.20% during midday trading on Wednesday, hitting GBX 200.20. The stock had a trading volume of 1,737,406 shares. The stock’s market cap is GBX 2.24 billion. Saga PLC has a 12-month low of GBX 180.30 and a 12-month high of GBX 227.38. The stock has a 50-day moving average price of GBX 207.39 and a 200-day moving average price of GBX 201.40.
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In other Saga PLC news, insider Lance Batchelor bought 146 shares of the stock in a transaction dated Wednesday, July 12th. The stock was bought at an average cost of GBX 205 ($2.67) per share, for a total transaction of £299.30 ($389.76). Insiders have bought 364 shares of company stock valued at $74,836 over the last 90 days.
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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