Go-Ahead Group plc (GOG) Stock Rating Lowered by J P Morgan Chase & Co
J P Morgan Chase & Co lowered shares of Go-Ahead Group plc (LON:GOG) to an underweight rating in a report released on Friday morning, MarketBeat.com reports. They currently have GBX 1,355 ($17.50) price objective on the stock, down from their previous price objective of GBX 1,882 ($24.31).
A number of other analysts have also issued reports on the company. Liberum Capital restated a buy rating and issued a GBX 1,910 ($24.67) target price on shares of Go-Ahead Group plc in a report on Thursday, September 7th. Royal Bank Of Canada reduced their target price on Go-Ahead Group plc from GBX 1,925 ($24.86) to GBX 1,900 ($24.54) and set a sector performer rating for the company in a report on Friday, June 23rd. Barclays PLC restated an equal weight rating on shares of Go-Ahead Group plc in a report on Friday, June 23rd. Investec restated a buy rating and issued a GBX 2,250 ($29.06) target price on shares of Go-Ahead Group plc in a report on Thursday, June 22nd. Finally, Canaccord Genuity restated a buy rating and issued a GBX 2,500 ($32.29) target price on shares of Go-Ahead Group plc in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 2,038 ($26.32).
Shares of Go-Ahead Group plc (LON:GOG) opened at 1561.00 on Friday. The stock’s market cap is GBX 668.94 million. The stock has a 50 day moving average price of GBX 1,745.67 and a 200-day moving average price of GBX 1,785.37. Go-Ahead Group plc has a 12 month low of GBX 1,550.00 and a 12 month high of GBX 2,344.00.
Go-Ahead Group plc (LON:GOG) last released its earnings results on Thursday, September 7th. The company reported $2.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.09 by $0.02. Go-Ahead Group plc had a net margin of 3.28% and a return on equity of 52.90%. On average, analysts forecast that Go-Ahead Group plc will post $192.09 EPS for the current fiscal year.
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The company also recently disclosed a dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 9th will be issued a dividend of GBX 71.91 ($0.93) per share. This represents a dividend yield of 4.6%. This is a positive change from Go-Ahead Group plc’s previous dividend of $30.17. The ex-dividend date of this dividend is Thursday, November 9th.
Go-Ahead Group plc Company Profile
The Go-Ahead Group plc is a public transport provider. The Company is a bus operator in the United Kingdom both in and outside London. The Company operates through three segments: regional bus, London bus and rail. The regional bus segment comprises bus operations outside London. The London bus segment comprises bus operations in London under control of Transport for London (TfL), and rail replacement and other contracted services in London.
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