1013 GMT - Saga PLC's path is clearer after the travel business was unified under a single leadership team and the insurance division was simplified into a pure brokerage, Peel Hunt analysts say. The specialized provider of vacations and insurance for consumers over the age of 50 has growth potential in its existing and new products and benefits from a stable balance sheet and declining debt levels, Peel Hunt says. Its well-invested cruise businesses will be the main value-driver in the near term, while the insurance, holidays and money divisions have the potential to grow significantly over the medium term, it says. Peel Hunt upgrades its stock recommendation to buy from hold, and raises its target price to 700 pence from 120 pence. Shares are down 2.1% to 472.50 pence and are up 21% in the year to date. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
March 23, 2026 06:13 ET (10:13 GMT)
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