Deutsche Bank AG Cuts Stagecoach Group plc (SGC) Price Target to GBX 250
Stagecoach Group plc (LON:SGC) had its price target dropped by stock analysts at Deutsche Bank AG from GBX 365 ($4.76) to GBX 250 ($3.26) in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 16.01% from the stock’s current price.
Several other brokerages have also weighed in on SGC. Barclays PLC dropped their target price on Stagecoach Group plc from GBX 308 ($4.02) to GBX 255 ($3.33) and set an “equal weight” rating on the stock in a research report on Thursday, July 7th. Canaccord Genuity started coverage on Stagecoach Group plc in a report on Monday. They set a “hold” rating and a GBX 237 ($3.09) price target on the stock. Royal Bank Of Canada lowered their price target on Stagecoach Group plc from GBX 280 ($3.65) to GBX 240 ($3.13) and set a “sector performer” rating on the stock in a report on Thursday, September 1st. JPMorgan Chase & Co. lowered Stagecoach Group plc to a “neutral” rating and lowered their price target for the company from GBX 338 ($4.41) to GBX 256 ($3.34) in a report on Wednesday, May 25th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 280 ($3.65) price target on shares of Stagecoach Group plc in a report on Monday, June 27th. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Stagecoach Group plc has an average rating of “Hold” and a consensus price target of GBX 278.62 ($3.64).
Shares of Stagecoach Group plc (LON:SGC) traded down 1.69% during midday trading on Wednesday, hitting GBX 215.50. 762,838 shares of the company’s stock traded hands. The company has a 50 day moving average of GBX 219.26 and a 200 day moving average of GBX 237.77. Stagecoach Group plc has a 52 week low of GBX 193.80 and a 52 week high of GBX 378.50. The stock’s market cap is GBX 1.24 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/deutsche-bank-ag-cuts-stagecoach-group-plc-sgc-price-target-to-gbx-250.html
The firm also recently disclosed a dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Thursday, September 1st will be given a dividend of GBX 7.90 ($0.10) per share. The ex-dividend date is Thursday, September 1st. This is a positive change from Stagecoach Group plc’s previous dividend of $3.50. This represents a yield of 3.48%.
In other Stagecoach Group plc news, insider Griffiths,Martin Andrew acquired 20,000 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was purchased at an average cost of GBX 209 ($2.73) per share, for a total transaction of £41,800 ($54,562.07).
About Stagecoach Group plc
Stagecoach Group plc is a United Kingdom-based transport company. The Company is engaged in the sale and operation of passenger transport. The Company operates in five segments: UK Bus (regional operations), megabus Europe, UK Bus (London), North America and UK Rail. UK Bus (regional operations) connects communities in over 100 towns and cities across the United Kingdom on bus networks stretching from the Highlands of Scotland to south west England.
Receive News & Ratings for Stagecoach Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stagecoach Group plc and related companies with MarketBeat.com's FREE daily email newsletter.