HSBC Reiterates Buy Rating for Go-Ahead Group (GOG)
Go-Ahead Group (LON:GOG)‘s stock had its “buy” rating reiterated by research analysts at HSBC in a research report issued to clients and investors on Thursday.
Several other analysts have also recently commented on the stock. J P Morgan Chase & Co cut shares of Go-Ahead Group to an “underweight” rating and decreased their price objective for the company from GBX 1,882 ($25.20) to GBX 1,355 ($18.15) in a research note on Friday, September 8th. Liberum Capital restated a “buy” rating and set a GBX 1,910 ($25.58) price objective on shares of Go-Ahead Group in a research note on Thursday, September 7th. Jefferies Group restated a “buy” rating and set a GBX 2,425 ($32.48) price objective on shares of Go-Ahead Group in a research note on Friday, September 8th. restated a “buy” rating and set a GBX 1,940 ($25.98) price objective on shares of Go-Ahead Group in a research note on Friday, November 3rd. Finally, Canaccord Genuity decreased their target price on shares of Go-Ahead Group from GBX 2,350 ($31.47) to GBX 2,080 ($27.86) and set a “buy” rating for the company in a research note on Monday, September 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Go-Ahead Group presently has a consensus rating of “Buy” and a consensus target price of GBX 1,958.64 ($26.23).
Shares of Go-Ahead Group (LON GOG) traded up GBX 17.30 ($0.23) during midday trading on Thursday, reaching GBX 1,571.30 ($21.04). 137,416 shares of the company’s stock traded hands, compared to its average volume of 92,683. Go-Ahead Group has a twelve month low of GBX 1,442 ($19.31) and a twelve month high of GBX 2,344 ($31.39).
Go-Ahead Group Company Profile
The Go-Ahead Group plc is a United Kingdom-based public passenger transport company for bus and rail services. The Group operates through three segments: regional bus, London bus and rail. The regional bus segment comprises commercial bus businesses outside of London. The London bus segment comprises tendered bus operations under control of Transport for London (TfL).
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