Peel Hunt Reiterates “Buy” Rating for Saga PLC (SAGA)

Peel Hunt reaffirmed their buy rating on shares of Saga PLC (LON:SAGA) in a research note issued to investors on Thursday morning. The firm currently has a GBX 250 ($3.15) price objective on the stock.

SAGA has been the topic of a number of other research reports. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 215 ($2.71) price target on shares of Saga PLC in a research report on Thursday, January 12th. Credit Suisse Group AG assumed coverage on Saga PLC in a research report on Thursday, January 26th. They set a neutral rating and a GBX 200 ($2.52) price target on the stock. Finally, Numis Securities Ltd reaffirmed an add rating and set a GBX 235 ($2.96) price target on shares of Saga PLC in a research report on Wednesday, January 11th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 228.33 ($2.87).

Shares of Saga PLC (LON:SAGA) remained flat at GBX 208.60 during trading on Thursday. The stock had a trading volume of 1,588,164 shares. The company’s 50-day moving average price is GBX 203.44 and its 200 day moving average price is GBX 195.96. The company’s market capitalization is GBX 2.32 billion. Saga PLC has a 52 week low of GBX 175.00 and a 52 week high of GBX 227.38.

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The company also recently disclosed a dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, May 11th will be issued a dividend of GBX 5.80 ($0.07) per share. The ex-dividend date is Thursday, May 11th. This is an increase from Saga PLC’s previous dividend of $2.70. This represents a dividend yield of 2.84%.

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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