Stagecoach Group plc (SGC) Lifted to Hold at Investec
Stagecoach Group plc (LON:SGC) was upgraded by stock analysts at Investec to a “hold” rating in a note issued to investors on Thursday. The firm presently has a GBX 220 ($2.87) price objective on the stock, down from their previous price objective of GBX 230 ($3.00). Investec’s price objective indicates a potential upside of 6.18% from the stock’s current price.
A number of other research firms have also recently commented on SGC. Barclays PLC dropped their target price on shares of Stagecoach Group plc from GBX 308 ($4.02) to GBX 255 ($3.33) and set an “equal weight” rating for the company in a report on Thursday, July 7th. Liberum Capital reissued a “hold” rating and issued a GBX 225 ($2.94) target price on shares of Stagecoach Group plc in a report on Wednesday. Canaccord Genuity initiated coverage on shares of Stagecoach Group plc in a report on Monday, September 19th. They issued a “hold” rating and a GBX 237 ($3.09) target price for the company. Royal Bank Of Canada dropped their price objective on shares of Stagecoach Group plc from GBX 280 ($3.65) to GBX 240 ($3.13) and set a “sector performer” rating for the company in a report on Thursday, September 1st. Finally, Shore Capital reiterated a “buy” rating on shares of Stagecoach Group plc in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 274 ($3.58).
Shares of Stagecoach Group plc (LON:SGC) opened at 212.70 on Thursday. The firm has a 50-day moving average of GBX 220.11 and a 200 day moving average of GBX 235.56. Stagecoach Group plc has a 52-week low of GBX 193.80 and a 52-week high of GBX 378.50. The firm’s market capitalization is GBX 1.22 billion.
In other Stagecoach Group plc news, insider Griffiths,Martin Andrew purchased 20,000 shares of Stagecoach Group plc stock in a transaction that occurred on Friday, July 1st. The stock was acquired at an average price of GBX 209 ($2.73) per share, with a total value of £41,800 ($54,562.07).
Stagecoach Group plc Company Profile
Stagecoach Group plc is a United Kingdom-based transport company. The Company is engaged in the sale and operation of passenger transport. The Company operates in five segments: UK Bus (regional operations), megabus Europe, UK Bus (London), North America and UK Rail. UK Bus (regional operations) connects communities in over 100 towns and cities across the United Kingdom on bus networks stretching from the Highlands of Scotland to south west England.
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