JPMorgan Chase & Co. Reiterates “Overweight” Rating for Go-Ahead Group (GOG)
Go-Ahead Group (LON:GOG)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a research note issued on Friday, AnalystRatings.Net reports. They currently have a GBX 1,800 ($29.11) price target on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 4.96% from the company’s current price.
Go-Ahead Group (LON:GOG) traded up 0.82% on Friday, hitting GBX 1715.00. The stock had a trading volume of 96,732 shares. Go-Ahead Group has a 52-week low of GBX 1211.845 and a 52-week high of GBX 1712.0001. The stock’s 50-day moving average is GBX 1611.56 and its 200-day moving average is GBX 1536.. The company’s market cap is £734.0 million.
GOG has been the subject of a number of other recent research reports. Analysts at Investec raised their price target on shares of Go-Ahead Group from GBX 1,645 ($26.60) to GBX 1,800 ($29.11) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Go-Ahead Group in a research note to investors on Thursday. They now have a GBX 1,815 ($29.35) price target on the stock. Finally, analysts at Shore Capital Stockbrokers reiterated a “buy” rating on shares of Go-Ahead Group in a research note to investors on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Go-Ahead Group presently has a consensus rating of “Buy” and a consensus price target of GBX 1,627.06 ($26.31).
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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