Saga plc (LON:SAGA – Get Free Report)’s stock price reached a new 52-week high on Monday. The company traded as high as GBX 823 and last traded at GBX 822, with a volume of 153,053 shares traded. The stock had previously closed at GBX 804.
Key Headlines Impacting Saga
Here are the key news stories impacting Saga this week:
- Neutral Sentiment: An article about Bank of Saga Ltd. (JP:8395) says the Japanese bank raised its interim earnings and dividend forecasts because of stronger income. This is a separate company from UK-listed Saga plc and should not be treated as a catalyst for SAGA shares. Bank of Saga lifts interim earnings and dividend forecasts on stronger income
- Neutral Sentiment: The remaining reports concern unrelated entertainment and video-game properties, including Vinland Saga, Romancing SaGa 2, The Drop: A Snowfall Saga, The Wingfeather Saga and Marvel’s “Multiverse Saga.” They have no apparent connection to Saga plc’s operations or financial outlook. Romancing SaGa 2 reaches one million units Vinland Saga author update The Drop: A Snowfall Saga interview
Wall Street Analyst Weigh In
SAGA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Saga from GBX 795 to GBX 855 and gave the company a “buy” rating in a report on Thursday, October 1st. Berenberg Bank upped their price target on Saga from GBX 1,025 to GBX 1,130 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 992.50.
Read Our Latest Analysis on SAGA
Saga Stock Up 2.3%
The company has a market capitalization of £1.20 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 1.22 and a beta of 2.02. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 503.16. The firm has a 50 day moving average price of GBX 689.37 and a two-hundred day moving average price of GBX 633.69.
Saga (LON:SAGA – Get Free Report) last posted its quarterly earnings data on Wednesday, September 30th. The company reported GBX 20.50 EPS for the quarter. Saga had a net margin of 3.25% and a return on equity of 23.50%. As a group, sell-side analysts expect that Saga plc will post 34.78 earnings per share for the current year.
About Saga
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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