Go-Ahead Group Upgraded by Citigroup Inc. to Buy (GOG)
Go-Ahead Group (LON:GOG) was upgraded by research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a report released on Wednesday, Analyst Ratings Network.com reports. The firm currently has a GBX 1,745 ($27.71) price target on the stock, up from their previous price target of GBX 1,525 ($24.21). Citigroup Inc.’s price target points to a potential upside of 7.06% from the company’s current price.
A number of other firms have also recently commented on GOG. Analysts at JPMorgan Chase & Co. upgraded shares of Go-Ahead Group (LON:GOG) from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday. They now have a GBX 1,800 ($28.58) price target on the stock, up previously from GBX 1,430 ($22.71). Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of Go-Ahead Group (LON:GOG) in a research note to investors on Thursday, September 5th. They now have a GBX 1,500 ($23.82) price target on the stock. Finally, analysts at Investec raised their price target on shares of Go-Ahead Group (LON:GOG) from GBX 1,600 ($25.40) to GBX 1,645 ($26.12) in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock.
One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. Go-Ahead Group currently has an average rating of “Buy” and a consensus target price of GBX 1,589.38 ($25.24).
Go-Ahead Group (LON:GOG) traded up 1.81% on Wednesday, hitting GBX 1630.00. The stock had a trading volume of 183,250 shares. Go-Ahead Group has a 52-week low of GBX 1211.84 and a 52-week high of GBX 1624.00. The stock has a 50-day moving average of GBX 1521. and a 200-day moving average of GBX 1504.. The company’s market cap is £697.6 million.
The Go-Ahead Group plc is principally engaged in the provision of passenger transport services. The Company has four segments: Deregulated Bus division consists of bus operations outside London; Regulated Bus division consists of bus operations in London under control of Transport for London; Rail operation, Govia, is 65% owned by Go-Ahead and 35% by Keolis SA and consists of three rail franchises: Southern, Southeastern and London Midland, and Go-Ahead North America division consists of a 50% investment in the United States school bus operation.
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