Jefferies Group Cuts Stagecoach Group plc (SGC) Price Target to GBX 230
Stagecoach Group plc (LON:SGC) had its target price dropped by research analysts at Jefferies Group from GBX 280 ($3.65) to GBX 230 ($3.00) in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s price objective points to a potential upside of 6.48% from the stock’s current price.
Several other equities analysts have also recently issued reports on SGC. Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 280 ($3.65) target price on shares of Stagecoach Group plc in a research note on Monday, June 27th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Stagecoach Group plc in a research note on Thursday, June 30th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 365 ($4.76) price objective on shares of Stagecoach Group plc in a research note on Thursday, June 30th. Barclays PLC lowered 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. Finally, Royal Bank Of Canada lowered 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 on the stock in a research note on Thursday, September 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Stagecoach Group plc has an average rating of “Hold” and an average target price of GBX 269 ($3.51).
Stagecoach Group plc (LON:SGC) opened at 214.80 on Wednesday. Stagecoach Group plc has a 52 week low of GBX 193.80 and a 52 week high of GBX 378.50. The company’s 50-day moving average is GBX 220.09 and its 200 day moving average is GBX 234.22. The stock’s market cap is GBX 1.23 billion.
About Stagecoach Group plc
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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