Go-Ahead Group Lowered to “Buy” at Goldman Sachs (GOG)
Go-Ahead Group (LON:GOG) was downgraded by equities researchers at Goldman Sachs to a “buy” rating in a research report issued on Thursday, Stock Ratings Network.com reports.
Go-Ahead Group (LON:GOG) traded down 0.05% on Thursday, hitting GBX 2132.00. 67,060 shares of the company’s stock traded hands. Go-Ahead Group has a 1-year low of GBX 1363.00 and a 1-year high of GBX 2190.00. The stock’s 50-day moving average is GBX 1964. and its 200-day moving average is GBX 1708.93. The company’s market cap is £912.5 million.
The company also recently announced a dividend, which is scheduled for Friday, April 4th. Investors of record on Wednesday, March 19th will be paid a dividend of GBX 25.50 ($0.43) per share. This represents a dividend yield of 1.19%. The ex-dividend date is Wednesday, March 19th.
Several other analysts have also recently commented on the stock. 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). Separately, 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. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Go-Ahead Group in a research note on Friday, January 10th. They now have a GBX 2,000 ($33.52) price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,830.67 ($30.68).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.