November 23, 2016 - By Peter Erickson
The firm have set target price of GBX 250.00 on Saga (LON:SAGA) shares. This is 28.90% from the last stock price. In an analyst report revealed to investors on Wednesday morning, Peel Hunt restate their Buy rating on shares of SAGA.
Out of 8 analysts covering Saga (LON:SAGA), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. GBX 255 is the highest target while GBX 190 is the lowest. The GBX 227.86 average target is 17.51% above today’s (GBX 193.9) stock price. Saga has been the topic of 58 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock of Saga PLC (LON:SAGA) has “Buy” rating given on Wednesday, April 20 by Canaccord Genuity. The firm earned “Buy” rating on Monday, November 9 by Peel Hunt. The firm has “Buy” rating by Peel Hunt given on Tuesday, May 3. The stock of Saga PLC (LON:SAGA) has “Neutral” rating given on Thursday, September 17 by UBS. The stock of Saga PLC (LON:SAGA) earned “Buy” rating by Beaufort Securities on Thursday, October 1. The firm earned “Buy” rating on Tuesday, April 26 by Goldman Sachs. The firm has “Buy” rating given on Tuesday, March 15 by Peel Hunt. Credit Suisse maintained the shares of SAGA in a report on Thursday, October 1 with “Neutral” rating. The firm earned “Add” rating on Wednesday, April 20 by Numis Securities. The firm has “Buy” rating given on Monday, April 18 by Peel Hunt.
About 253,631 shares traded hands. Saga PLC (LON:SAGA) has declined 7.90% since April 26, 2016 and is downtrending. It has underperformed by 13.23% the S&P500.
Saga plc is a provider of services for the clients aged 50 and over. The company has a market cap of 2.17 billion GBP. The Firm operates through three divisions: Insurance, Travel, and Emerging Businesses and Central Costs. It has a 14.05 P/E ratio. Insurance segment consists of general insurance products, such as Motor insurance, Home insurance and Other insurance.
Saga Energy, Inc., incorporated on May 11, 1999, is engaged in activities in the energy industry. The Firm owns 100% of Gulf E&P LTD., which is engaged in offshore gas and oil exploration and production. Gulf E&P LTD. owns certain properties in the Gulf of Mexico and focuses on offshore production.
More recent Saga PLC (LON:SAGA) news were published by: Moodys.com which released: “Moody’s upgrades Saga’s senior secured debt rating by one notch to Ba1, stable …” on March 16, 2016. Also Uk.Finance.Yahoo.com published the news titled: “-LSE Ticker: LT1Y08/ISIN: GB00BLT1Y088” on May 27, 2014. Bloomberg.com‘s news article titled: “Saga IPO Raises $928 Million, Shares at Bottom of Range” with publication date: May 23, 2014 was also an interesting one.
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