Stagecoach Group Upgraded to “Overweight” by HSBC (SGC)
Stagecoach Group (LON:SGC) was upgraded by analysts at HSBC to an “overweight” rating in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a GBX 415 ($6.84) target price on the stock, up from their previous target price of GBX 325 ($5.36). HSBC’s target price would suggest a potential upside of 9.73% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Stagecoach Group in a research note to investors on Friday, January 10th. They now have a GBX 350 ($5.77) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Stagecoach Group in a research note to investors on Tuesday, December 24th. They now have a GBX 400 ($6.59) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Stagecoach Group to a “sell” rating in a research note to investors on Tuesday, December 17th. They now have a GBX 350 ($5.77) price target on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Stagecoach Group currently has an average rating of “Hold” and a consensus price target of GBX 352.54 ($5.81).
Stagecoach Group (LON:SGC) traded up 1.07% on Thursday, hitting GBX 378.20. 510,190 shares of the company’s stock traded hands. Stagecoach Group has a 1-year low of GBX 284.70 and a 1-year high of GBX 381.10. The stock’s 50-day moving average is GBX 369.3 and its 200-day moving average is GBX 342.0. The company’s market cap is £2.172 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, March 5th. Investors of record on Wednesday, February 5th will be paid a dividend of GBX 2.90 ($0.05) per share. This represents a dividend yield of 0.78%. The ex-dividend date is Wednesday, February 5th.
Stagecoach Group plc is an international public transport company with operations in the United Kingdom, United States and Canada.
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