Go-Ahead Group Given New GBX 2,300 Price Target at Investec (GOG)
Stock analysts at Investec upped their price objective on shares of Go-Ahead Group (LON:GOG) from GBX 1,820 ($30.50) to GBX 2,300 ($38.55) in a report issued on Thursday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Investec’s target price points to a potential upside of 9.00% from the stock’s previous close.
A number of other analysts have also recently weighed in on GOG. Analysts at Jefferies Group reiterated a “buy” rating on shares of Go-Ahead Group in a research note on Thursday. They now have a GBX 1,825 ($30.58) price target on the stock. Separately, analysts at Goldman Sachs upgraded shares of Go-Ahead Group to a “buy” rating in a research note on Thursday. Finally, analysts at Nomura downgraded shares of Go-Ahead Group to a “neutral” rating in a research note on Tuesday, January 21st. They now have a GBX 1,918 ($32.14) price target on the stock, up previously from GBX 1,700 ($28.49). One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,835.23 ($30.76).
Go-Ahead Group (LON:GOG) opened at 2082.00 on Thursday. Go-Ahead Group has a 52-week low of GBX 1354.89 and a 52-week high of GBX 2105.00. The stock’s 50-day moving average is GBX 1942.81 and its 200-day moving average is GBX 1702.. The company’s market cap is £891.1 million.
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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