Published On: Wed, Sep 21st, 2016

Saga PLC (SAGA) Earns Buy Rating from Peel Hunt

Saga PLC (LON:SAGA)‘s stock had its “buy” rating reaffirmed by equities research analysts at Peel Hunt in a research report issued on Wednesday. They currently have a GBX 250 ($3.26) price target on the stock. Peel Hunt’s price target would indicate a potential upside of 12.71% from the stock’s current price.
SAGA has been the subject of several other reports. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 235 ($3.07) target price on shares of Saga PLC in a report on Wednesday. Canaccord Genuity cut their target price on shares of Saga PLC from GBX 240 ($3.13) to GBX 225 ($2.94) and set a “buy” rating for the company in a report on Monday, June 27th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 245 ($3.20) target price on shares of Saga PLC in a report on Wednesday, June 15th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Saga PLC in a report on Wednesday, June 22nd. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Saga PLC in a report on Wednesday, June 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Saga PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 225.83 ($2.95).
Saga PLC (LON:SAGA) opened at 222.73 on Wednesday. The company’s market cap is GBX 2.48 billion. The firm’s 50-day moving average is GBX 217.27 and its 200 day moving average is GBX 204.93. Saga PLC has a 52-week low of GBX 170.80 and a 52-week high of GBX 227.38.

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In related news, insider Batchelor,Lance purchased 149 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The stock was bought at an average price of GBX 201 ($2.62) per share, with a total value of £299.49 ($390.93). Also, insider Ni-Chionna,Orna purchased 15,961 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The stock was bought at an average cost of GBX 188 ($2.45) per share, with a total value of £30,006.68 ($39,168.10).
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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