Saga PLC (SAGA) Receives Add Rating from Numis Securities Ltd

Saga PLC (LON:SAGA)‘s stock had its “add” rating reissued by research analysts at Numis Securities Ltd in a report released on Wednesday. They presently have a GBX 235 ($3.07) price target on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 5.95% from the company’s current price.
SAGA has been the subject of a number of other reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 250 ($3.26) price target on shares of Saga PLC in a report on Tuesday, June 21st. Canaccord Genuity dropped their price target on 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) price target 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 research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Saga PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 225.83 ($2.95).

Shares of Saga PLC (LON:SAGA) opened at 222.73 on Wednesday. Saga PLC has a 12 month low of GBX 170.80 and a 12 month high of GBX 227.38. The firm’s market capitalization is GBX 2.48 billion. The stock’s 50 day moving average price is GBX 217.27 and its 200-day moving average price is GBX 204.93.

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In other news, insider Batchelor,Lance acquired 149 shares of the firm’s stock in a transaction on Thursday, July 21st. The shares were purchased at an average cost of GBX 201 ($2.62) per share, for a total transaction of £299.49 ($390.93). Also, insider Ni-Chionna,Orna acquired 15,961 shares of the firm’s stock in a transaction on Tuesday, June 28th. The stock was purchased at an average price of GBX 188 ($2.45) per share, for a total transaction 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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