Saga (LON:SAGA) Trading 9% Higher – Still a Buy?

Saga plc (LON:SAGA)’s share price was up 9% during trading on Friday . The stock traded as high as GBX 151 ($1.98) and last traded at GBX 136.28 ($1.78). Approximately 4,640,831 shares traded hands during mid-day trading, an increase of 1,236% from the average daily volume of 347,437 shares. The stock had previously closed at GBX 125 ($1.64).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 154 ($2.02) target price on shares of Saga in a research report on Monday, June 24th.

Saga Trading Up 9.1 %

The stock has a market cap of £194.45 million, a price-to-earnings ratio of -168.40, a PEG ratio of 1.22 and a beta of 2.57. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 368.86. The business has a 50-day moving average of GBX 108.27 and a 200-day moving average of GBX 113.75.

About Saga

Saga plc provides package and cruise holidays, general insurance, and personal finance products and services in the United Kingdom. The company operates through three segments: Cruise and Travel, Insurance, and Other Businesses and Central Costs. It offers car, home, travel, health, landlord, motorhome, caravan, and pet insurance products.