Stagecoach Group plc (LON:SGC) had its target price dropped by equities researchers at Barclays PLC from GBX 255 ($3.33) to GBX 240 ($3.13) in a research report issued to clients and investors on Wednesday. The brokerage presently has an “equal weight” rating on the stock. Barclays PLC’s price target would suggest a potential upside of 11.11% from the stock’s previous close.
SGC has been the topic of several other reports. JPMorgan Chase & Co. lowered their target price on Stagecoach Group plc from GBX 256 ($3.34) to GBX 180 ($2.35) and set an “underweight” rating on the stock in a research report on Friday, July 1st. Canaccord Genuity reiterated a “hold” rating and set a GBX 237 ($3.09) price target on shares of Stagecoach Group plc in a research report on Wednesday, September 28th. Citigroup Inc. reiterated a “buy” rating on shares of Stagecoach Group plc in a research report on Tuesday. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 280 ($3.65) price target on shares of Stagecoach Group plc in a research report on Monday, June 27th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a GBX 365 ($4.76) price target on shares of Stagecoach Group plc in a research report on Thursday, June 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 272.85 ($3.56).
Shares of Stagecoach Group plc (LON:SGC) opened at 216.00 on Wednesday. The firm has a 50 day moving average price of GBX 220.09 and a 200-day moving average price of GBX 234.22. The firm’s market capitalization is GBX 1.24 billion. Stagecoach Group plc has a 52 week low of GBX 193.80 and a 52 week high of GBX 378.50.
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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