Go-Ahead Group Given New GBX 2,180 Price Target at HSBC (GOG)
Stock analysts at HSBC upped their price target on shares of Go-Ahead Group (LON:GOG) from GBX 1,810 ($29.83) to GBX 2,180 ($35.93) in a report issued on Thursday, AnalystRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. HSBC’s target price would suggest a potential upside of 13.01% from the stock’s previous close.
Shares of Go-Ahead Group (LON:GOG) traded down 0.57% on Thursday, hitting GBX 1929.0001. The stock had a trading volume of 99,063 shares. Go-Ahead Group has a 52 week low of GBX 1258.00 and a 52 week high of GBX 1967.00. The stock’s 50-day moving average is GBX 1735. and its 200-day moving average is GBX 1625.. The company’s market cap is £825.6 million.
GOG has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “buy” rating on shares of Go-Ahead Group in a research note to investors on Friday, January 10th. They now have a GBX 2,000 ($32.96) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Go-Ahead Group in a research note to investors on Tuesday, December 24th. They now have a GBX 1,640 ($27.03) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Go-Ahead Group to a “conviction-buy” rating in a research note to investors on Tuesday, December 17th. They now have a GBX 2,100 ($34.61) price target on the stock, up previously from GBX 1,580 ($26.04). One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Go-Ahead Group currently has an average rating of “Buy” and a consensus price target of GBX 1,756.83 ($28.95).
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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