Saga (LON:SAGA) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Saga plc (LON:SAGAGet Free Report)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 541.14 and traded as high as GBX 541.52. Saga shares last traded at GBX 528, with a volume of 2,176,836 shares trading hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 600 price objective on shares of Saga in a report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 600.

View Our Latest Stock Report on Saga

Saga Price Performance

The stock has a market cap of £755.43 million, a P/E ratio of 218.65, a PEG ratio of 1.22 and a beta of 2.02. The company has a 50 day simple moving average of GBX 541.14 and a 200 day simple moving average of GBX 447.92. The company has a current ratio of 1.35, a quick ratio of 0.67 and a debt-to-equity ratio of 934.58.

Saga (LON:SAGAGet Free Report) last released its earnings results on Wednesday, April 15th. The company reported GBX (2.90) EPS for the quarter. The firm had revenue of £660 million during the quarter. Saga had a negative net margin of 1.53% and a negative return on equity of 15.72%. Sell-side analysts forecast that Saga plc will post 34.7826087 earnings per share for the current fiscal year.

About Saga

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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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