Stagecoach Group plc (SGC) Receives “Hold” Rating from Canaccord Genuity
Canaccord Genuity reaffirmed their hold rating on shares of Stagecoach Group plc (LON:SGC) in a research report released on Wednesday. The firm currently has a GBX 237 ($3.09) target price on the stock.
A number of other equities analysts have also recently issued reports on the stock. Barclays PLC reduced their price objective on shares of Stagecoach Group plc from GBX 308 ($4.02) to GBX 255 ($3.33) and set an equal weight rating on the stock in a research note on Thursday, July 7th. JPMorgan Chase & Co. reduced their price target on shares of Stagecoach Group plc from GBX 256 ($3.34) to GBX 180 ($2.35) and set an underweight rating on the stock in a research report on Friday, July 1st. Deutsche Bank AG reissued a buy rating and set a GBX 365 ($4.76) price target on shares of Stagecoach Group plc in a research report on Thursday, June 30th. Goldman Sachs Group Inc. reissued a neutral rating and set a GBX 280 ($3.65) price target on shares of Stagecoach Group plc in a research report on Monday, June 27th. Finally, Royal Bank Of Canada reduced their price target on shares of Stagecoach Group plc from GBX 280 ($3.65) to GBX 240 ($3.13) and set a sector performer rating on the stock in a research report on Thursday, September 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The company currently 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 213.10 on Wednesday. Stagecoach Group plc has a one year low of GBX 193.80 and a one year high of GBX 378.50. The company has a 50-day moving average of GBX 220.11 and a 200-day moving average of GBX 235.56. The company’s market capitalization is GBX 1.22 billion.
In other news, insider Griffiths,Martin Andrew bought 20,000 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was bought at an average cost of GBX 209 ($2.73) per share, for a total transaction 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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