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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Saga    SAGA   GB00BLT1Y088

SAGA

(SAGA)
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Saga : top boss to retire amid insurance business revamp

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06/12/2019 | 02:34am EDT
FILE PHOTO: Rakesh Kapoor, the CEO of Reckitt Benckiser, poses for a photograph at the company headquarters in Slough

(Reuters) - Specialist tourism and insurance firm Saga Plc said on Wednesday Chief Executive Officer Lance Batchelor will retire in January after six years with the company.

"Over the coming months, I look forward to continuing to execute the new strategy in our insurance business," Batchelor said.

Saga, which serves the over-50s, laid out plans earlier this year to strengthen its insurance business as it warned that margin pressure in the business could hit profit.

Those plans included offering home and motor policies with three-year fixed pricing and also cutting prices for renewals.

A process to hire a replacement for Batchelor has started, the company said.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Saumyadeb Chakrabarty)

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Financials (GBP)
Sales 2020 803 M
EBIT 2020 129 M
Net income 2020 84,4 M
Debt 2020 643 M
Yield 2020 7,81%
P/E ratio 2020 6,65x
P/E ratio 2021 6,37x
EV / Sales2020 1,50x
EV / Sales2021 1,69x
Capitalization 565 M
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 65,00  GBp
Last Close Price 0,50  GBp
Spread / Highest target 21 704%
Spread / Average Target 12 784%
Spread / Lowest Target 7 630%
EPS Revisions
Managers
NameTitle
Lance Henry Lowe Batchelor Group Chief Executive Officer & Executive Director
Patrick Henry Pierce O'Sullivan Chairman
James Quin Group Chief Financial Officer & Executive Director
Julius Christmas Group Director-Information Technology
Ray King Independent Non-Executive Director
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