Goldman Sachs Group, Inc. (The) Reaffirms “Buy” Rating for Saga PLC (SAGA)

Saga PLC (LON:SAGA)‘s stock had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The) in a note issued to investors on Monday, May 15th, reports. They presently have a GBX 220 ($2.78) price objective on the stock. Goldman Sachs Group, Inc. (The)’s price objective would indicate a potential upside of 7.84% from the company’s current price.

Several other research analysts also recently weighed in on the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 250 ($3.16) target price on shares of Saga PLC in a research note on Monday, January 23rd. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 215 ($2.72) price objective on shares of Saga PLC in a research note on Wednesday, May 3rd. Credit Suisse Group began coverage on Saga PLC in a research note on Thursday, January 26th. They issued a “neutral” rating and a GBX 200 ($2.53) price objective for the company. Finally, Beaufort Securities reissued a “buy” rating on shares of Saga PLC in a research note on Thursday, March 30th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 224.17 ($2.84).

Analyst Recommendations for Saga PLC (LON:SAGA)

Saga PLC (LON SAGA) traded up 2.67% during midday trading on Monday, hitting GBX 204.00. 4,995,518 shares of the stock traded hands. The company’s 50 day moving average price is GBX 204.89 and its 200 day moving average price is GBX 197.37. Saga PLC has a 12 month low of GBX 175.00 and a 12 month high of GBX 227.38. The firm’s market cap is GBX 2.27 billion.

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

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In related news, insider Jonathan Hill sold 24,683 shares of the stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of GBX 208 ($2.63), for a total value of £51,340.64 ($64,947.05).

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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