Jefferies Group Reiterates “Buy” Rating for Go-Ahead Group (GOG)
Go-Ahead Group (LON:GOG)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a note issued to investors on Friday, AR Network reports. They currently have a GBX 1,815 ($29.07) price objective on the stock. Jefferies Group’s price target indicates a potential upside of 10.00% from the stock’s previous close.
Go-Ahead Group (LON:GOG) traded down 0.12% on Friday, hitting GBX 1650.00. The stock had a trading volume of 46,690 shares. Go-Ahead Group has a 1-year low of GBX 1211.845 and a 1-year high of GBX 1677.00. The stock’s 50-day moving average is GBX 1528. and its 200-day moving average is GBX 1508.. The company’s market cap is £706.2 million.
GOG has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. upgraded shares of Go-Ahead Group (LON:GOG) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, September 18th. They now have a GBX 1,745 ($27.95) price target on the stock, up previously from GBX 1,525 ($24.43). Separately, 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, September 17th. They now have a GBX 1,800 ($28.83) price target on the stock, up previously from GBX 1,430 ($22.91). Finally, 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 ($24.03) price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. Go-Ahead Group currently has a consensus rating of “Buy” and an average target price of GBX 1,589.38 ($25.46).
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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