Stagecoach Group Price Target Increased to GBX 390 by Analysts at Nomura (SGC)
Stock analysts at Nomura lifted their target price on shares of Stagecoach Group (LON:SGC) from GBX 340 ($5.58) to GBX 390 ($6.40) in a report issued on Tuesday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. Nomura’s target price suggests a potential upside of 4.42% from the company’s current price.
Shares of Stagecoach Group (LON:SGC) traded down 0.85% on Tuesday, hitting GBX 373.50. The stock had a trading volume of 322,084 shares. Stagecoach Group has a 52 week low of GBX 284.70 and a 52 week high of GBX 382.014. The stock’s 50-day moving average is GBX 370.3 and its 200-day moving average is GBX 343.6. The company’s market cap is £2.145 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.
A number of other firms have also recently commented on SGC. Analysts at HSBC upgraded shares of Stagecoach Group to an “overweight” rating in a research note to investors on Thursday, January 16th. They now have a GBX 415 ($6.81) price target on the stock, up previously from GBX 325 ($5.33). Separately, 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 ($5.75) price target on the stock. Finally, 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 ($6.57) price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 355.21 ($5.83).
Stagecoach Group plc is an international public transport company with operations in the United Kingdom, United States and Canada.
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