Go-Ahead Group’s Buy Rating Reaffirmed at Jefferies Group (GOG)
Go-Ahead Group (LON:GOG)‘s stock had its “buy” rating restated by research analysts at Jefferies Group in a report released on Thursday, Stock Ratings Network reports. They currently have a GBX 1,825 ($30.58) price objective on the stock. Jefferies Group’s price objective suggests a potential downside of 13.51% from the company’s current price.
Shares of Go-Ahead Group (LON:GOG) opened at 2082.00 on Thursday. Go-Ahead Group has a 1-year low of GBX 1354.89 and a 1-year high of GBX 2105.00. The stock has a 50-day moving average of GBX 1942.81 and a 200-day moving average of GBX 1702.. The company’s market cap is £891.1 million.
A number of other analysts have also recently weighed in on GOG. Analysts at Goldman Sachs upgraded shares of Go-Ahead Group to a “buy” rating in a research note on Thursday. Separately, 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). Finally, analysts at HSBC raised their price target on shares of Go-Ahead Group from GBX 1,810 ($30.33) to GBX 2,180 ($36.53) in a research note on Thursday, January 16th. They now have an “overweight” rating on the stock. One 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 company. Go-Ahead Group currently has a consensus rating of “Buy” and an average target price of GBX 1,835.23 ($30.76).
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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