Jefferies Group Reiterates Hold Rating for Stagecoach Group (SGC)
Stagecoach Group (LON:SGC)‘s stock had its “hold” rating restated by stock analysts at Jefferies Group in a report issued on Friday, American Banking & Market News reports. They currently have a GBX 340 ($5.45) price objective on the stock. Jefferies Group’s target price would indicate a potential upside of 4.94% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. raised their price target on shares of Stagecoach Group (LON:SGC) from GBX 285 ($4.57) to GBX 328 ($5.25) in a research note to investors on Wednesday, September 18th. They now have a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Stagecoach Group (LON:SGC) from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, September 17th. They now have a GBX 365 ($5.85) price target on the stock, up previously from GBX 324 ($5.19). Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Stagecoach Group (LON:SGC) in a research note to investors on Friday, August 30th. They now have a GBX 330 ($5.29) price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 328.14 ($5.26).
Shares of Stagecoach Group (LON:SGC) traded up 0.22% on Friday, hitting GBX 324.00. 131,325 shares of the company’s stock traded hands. Stagecoach Group has a one year low of GBX 264.30 and a one year high of GBX 338.70. The stock has a 50-day moving average of GBX 324.0 and a 200-day moving average of GBX 313.4. The company’s market cap is £1.859 billion.
Stagecoach Group plc is an international public transport company with operations in the United Kingdom, United States and Canada.
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