Saga (LON:SAGA) Stock Price Passes Above 50-Day Moving Average of $44.49

Saga PLC (LON:SAGA)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $44.49 and traded as high as $46.60. Saga shares last traded at $44.26, with a volume of 2,050,020 shares traded.

Several research analysts have recently weighed in on SAGA shares. UBS Group reaffirmed a “neutral” rating on shares of Saga in a report on Tuesday, July 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 60 ($0.78) price target on shares of Saga in a report on Monday, August 5th. Peel Hunt reaffirmed a “buy” rating on shares of Saga in a report on Friday, August 9th. Finally, Numis Securities reaffirmed an “under review” rating on shares of Saga in a report on Thursday, June 13th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 99.20 ($1.30).

The firm has a market cap of $500.86 million and a P/E ratio of -3.08. The company has a debt-to-equity ratio of 46.14, a current ratio of 0.91 and a quick ratio of 0.25. The stock has a 50 day moving average of GBX 44.49 and a 200 day moving average of GBX 62.72.

In other news, insider Eva Eisenschimmel bought 22,924 shares of Saga stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average price of GBX 44 ($0.57) per share, with a total value of £10,086.56 ($13,179.88).

About Saga (LON:SAGA)

Saga plc engages in insurance, travel, personal finance, healthcare, retirement villages, and media businesses in the United Kingdom. The company operates in three segments: Insurance, Travel, and Emerging Businesses and Central Costs. It offers car, caravan, motorhome, breakdown cover, home, landlord, holiday home, home emergency, pet, travel, boat, health, personal accident, and life insurance, as well as accidental death benefit products.

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