Saga (SAGA) Downgraded by Royal Bank of Canada

Saga (LON:SAGA) was downgraded by investment analysts at Royal Bank of Canada to a “sector performer” rating in a report issued on Tuesday, December 19th.

Several other equities research analysts also recently weighed in on the stock. Citigroup reaffirmed a “buy” rating and issued a GBX 187 ($2.50) price objective on shares of Saga in a report on Thursday, December 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 215 ($2.87) price objective on shares of Saga in a report on Friday, September 8th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 250 ($3.34) price objective on shares of Saga in a report on Thursday, September 7th. Credit Suisse Group reduced their price objective on shares of Saga from GBX 220 ($2.94) to GBX 210 ($2.81) and set a “neutral” rating for the company in a report on Thursday, October 5th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and issued a GBX 230 ($3.08) price objective on shares of Saga in a report on Tuesday, September 12th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 215.88 ($2.89).

Saga (LON SAGA) remained flat at $GBX 123.80 ($1.66) during mid-day trading on Tuesday. The stock has a market capitalization of $1,390.00 and a P/E ratio of 884.29. Saga has a fifty-two week low of GBX 121.50 ($1.62) and a fifty-two week high of GBX 216.13 ($2.89).

Saga (LON:SAGA) last posted its quarterly earnings data on Friday, September 22nd. The company reported GBX 7.50 ($0.10) earnings per share for the quarter, topping the consensus estimate of GBX 7.30 ($0.10) by GBX 0.20 ($0.00). The business had revenue of £435.40 million during the quarter. Saga had a net margin of 19.15% and a return on equity of 13.77%.

In related news, insider Lance Batchelor acquired 71,997 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were purchased at an average price of GBX 138 ($1.85) per share, for a total transaction of £99,355.86 ($132,846.45). Also, insider Jonathan Hill acquired 17,400 shares of the business’s stock in a transaction on Monday, December 11th. The shares were bought at an average price of GBX 133 ($1.78) per share, for a total transaction of £23,142 ($30,942.64). Insiders acquired a total of 89,557 shares of company stock valued at $12,279,872 over the last three months.

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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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