Stagecoach Group plc (SGC) Rating Increased to Hold at Liberum Capital
Stagecoach Group plc (LON:SGC) was upgraded by analysts at Liberum Capital to a “hold” rating in a research note issued on Tuesday. The firm currently has a GBX 155 ($2.09) price objective on the stock. Liberum Capital’s price objective points to a potential downside of 2.64% from the stock’s previous close.
A number of other research firms also recently issued reports on SGC. Jefferies Group LLC decreased their price target on shares of Stagecoach Group plc from GBX 230 ($3.10) to GBX 190 ($2.56) and set a “hold” rating for the company in a research note on Monday, July 24th. Shore Capital downgraded shares of Stagecoach Group plc to a “hold” rating in a research note on Friday, July 7th. HSBC Holdings plc decreased their target price on shares of Stagecoach Group plc from GBX 200 ($2.70) to GBX 160 ($2.16) and set a “reduce” rating for the company in a research note on Thursday, July 13th. J P Morgan Chase & Co decreased their target price on shares of Stagecoach Group plc from GBX 166 ($2.24) to GBX 149 ($2.01) and set an “underweight” rating for the company in a research note on Thursday, June 29th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a GBX 195 ($2.63) target price on shares of Stagecoach Group plc in a research note on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Stagecoach Group plc currently has an average rating of “Hold” and an average price target of GBX 195.78 ($2.64).
Shares of Stagecoach Group plc (LON SGC) opened at 159.20 on Tuesday. The company has a 50-day moving average price of GBX 172.13 and a 200-day moving average price of GBX 195.10. Stagecoach Group plc has a 12 month low of GBX 150.80 and a 12 month high of GBX 227.29. The company’s market capitalization is GBX 913.22 million.
In other Stagecoach Group plc news, insider Martin Andrew Griffiths purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were acquired at an average price of GBX 192 ($2.59) per share, for a total transaction of £28,800 ($38,829.72). Insiders have bought a total of 30,250 shares of company stock worth $5,714,873 in the last quarter.
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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