Stagecoach Group plc (LON:SGC)‘s stock had its “hold” rating reaffirmed by stock analysts at Canaccord Genuity in a research note issued on Wednesday. They currently have a GBX 237 ($3.09) price objective on the stock. Canaccord Genuity’s target price would suggest a potential upside of 12.86% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 280 ($3.65) price objective on shares of Stagecoach Group plc in a research report on Monday, June 27th. Shore Capital reissued a “buy” rating on shares of Stagecoach Group plc in a research report on Wednesday. Liberum Capital reaffirmed a “hold” rating and issued a GBX 225 ($2.94) target price on shares of Stagecoach Group plc in a research report on Wednesday. Deutsche Bank AG decreased their target price on shares of Stagecoach Group plc from GBX 365 ($4.76) to GBX 250 ($3.26) and set a “buy” rating for the company in a research report on Wednesday, September 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Stagecoach Group plc from GBX 256 ($3.34) to GBX 180 ($2.35) and set an “underweight” rating for the company in a research report on Friday, July 1st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Stagecoach Group plc currently has an average rating of “Hold” and an average target price of GBX 276.31 ($3.61).
Shares of Stagecoach Group plc (LON:SGC) traded down 1.33% on Wednesday, hitting GBX 207.20. 1,387,967 shares of the stock were exchanged. The firm’s market capitalization is GBX 1.19 billion. The company has a 50-day moving average price of GBX 220.38 and a 200-day moving average price of GBX 235.96. Stagecoach Group plc has a one year low of GBX 193.80 and a one year high of GBX 378.50.
In related news, insider Griffiths,Martin Andrew bought 20,000 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was bought at an average price of GBX 209 ($2.73) per share, for a total transaction of £41,800 ($54,562.07).
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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