HSBC Lowers Stagecoach Group plc (SGC) Price Target to GBX 225
Stagecoach Group plc (LON:SGC) had its price target reduced by investment analysts at HSBC from GBX 235 ($2.94) to GBX 225 ($2.81) in a research note issued on Thursday. The firm currently has a “hold” rating on the stock. HSBC’s price objective would indicate a potential upside of 11.28% from the company’s previous close.
A number of other brokerages have also recently issued reports on SGC. Royal Bank Of Canada cut their target price on Stagecoach Group plc from GBX 280 ($3.50) to GBX 240 ($3.00) and set a “sector performer” rating on the stock in a report on Thursday, September 1st. Canaccord Genuity assumed coverage on Stagecoach Group plc in a report on Monday, September 19th. They issued a “hold” rating and a GBX 237 ($2.96) target price on the stock. Deutsche Bank AG cut their target price on Stagecoach Group plc from GBX 365 ($4.56) to GBX 250 ($3.12) and set a “buy” rating on the stock in a report on Wednesday, September 21st. Jefferies Group cut their target price on Stagecoach Group plc from GBX 280 ($3.50) to GBX 230 ($2.87) and set a “hold” rating on the stock in a report on Wednesday, October 5th. Finally, Barclays PLC cut their target price on Stagecoach Group plc from GBX 255 ($3.19) to GBX 240 ($3.00) and set an “equal weight” rating on the stock in a report on Wednesday, October 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Stagecoach Group plc currently has a consensus rating of “Hold” and an average price target of GBX 268.23 ($3.35).
Shares of Stagecoach Group plc (LON:SGC) opened at 203.30 on Thursday. The company’s market cap is GBX 1.17 billion. The stock has a 50 day moving average of GBX 201.69 and a 200-day moving average of GBX 219.59. Stagecoach Group plc has a 12 month low of GBX 193.80 and a 12 month high of GBX 365.30.
ILLEGAL ACTIVITY WARNING: “HSBC Lowers Stagecoach Group plc (SGC) Price Target to GBX 225” was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The original version of this story can be accessed at https://www.thecerbatgem.com/2016/11/28/hsbc-lowers-stagecoach-group-plc-sgc-price-target-to-gbx-225.html.
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.
Receive News & Stock Ratings for Stagecoach Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stagecoach Group plc and related stocks with our FREE daily email newsletter.