Saga (LON:SAGA) had its price objective lowered by Peel Hunt from GBX 240 ($3.23) to GBX 195 ($2.62) in a research report released on Tuesday morning. Peel Hunt currently has a buy rating on the stock.
SAGA has been the topic of a number of other reports. J P Morgan Chase & Co restated a neutral rating and issued a GBX 215 ($2.89) price target on shares of Saga in a research note on Friday, September 8th. Goldman Sachs Group reissued a buy rating and set a GBX 230 ($3.10) price target on shares of Saga in a report on Tuesday, September 12th. Beaufort Securities reissued a buy rating on shares of Saga in a report on Monday, September 25th. Numis Securities reissued an add rating and set a GBX 235 ($3.16) price target on shares of Saga in a report on Friday, September 22nd. Finally, Credit Suisse Group reduced their target price on Saga from GBX 220 ($2.96) to GBX 210 ($2.83) and set a neutral rating on the stock in a report on Thursday, October 5th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 215.88 ($2.91).
Shares of Saga (LON SAGA) opened at GBX 124.40 ($1.67) on Tuesday. Saga has a fifty-two week low of GBX 121.50 ($1.64) and a fifty-two week high of GBX 216.13 ($2.91).
In related news, insider Lance Batchelor acquired 71,997 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of GBX 138 ($1.86) per share, with a total value of £99,355.86 ($133,722.56). Also, insider Jonathan Hill acquired 17,400 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were bought at an average cost of GBX 133 ($1.79) per share, with a total value of £23,142 ($31,146.70). Over the last three months, insiders have bought 89,557 shares of company stock worth $12,279,872.
Saga Company Profile
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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