Go-Ahead Group plc (GOG) Coverage Initiated at Deutsche Bank AG
Research analysts at Deutsche Bank AG assumed coverage on shares of Go-Ahead Group plc (LON:GOG) in a research report issued to clients and investors on Wednesday. The brokerage set a “buy” rating and a GBX 2,330 ($30.41) price target on the stock. Deutsche Bank AG’s target price suggests a potential upside of 14.72% from the company’s current price.
A number of other research firms have also recently weighed in on GOG. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 2,300 ($30.02) price target on shares of Go-Ahead Group plc in a report on Monday, September 5th. JPMorgan Chase & Co. raised Go-Ahead Group plc to an “overweight” rating and dropped their price target for the company from GBX 2,521 ($32.91) to GBX 2,427 ($31.68) in a report on Wednesday, June 15th. Canaccord Genuity started coverage on Go-Ahead Group plc in a report on Monday. They set a “buy” rating and a GBX 2,753 ($35.94) price target for the company. Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of Go-Ahead Group plc in a report on Monday, June 27th. Finally, Liberum Capital reaffirmed a “hold” rating and set a GBX 2,740 ($35.77) price target on shares of Go-Ahead Group plc in a report on Friday, September 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Go-Ahead Group plc presently has a consensus rating of “Buy” and a consensus price target of GBX 2,588.38 ($33.79).
Shares of Go-Ahead Group plc (LON:GOG) opened at 2065.00 on Wednesday. The stock’s market capitalization is GBX 885.68 million. Go-Ahead Group plc has a one year low of GBX 1,775.00 and a one year high of GBX 2,758.00. The stock’s 50 day moving average price is GBX 1,971.38 and its 200 day moving average price is GBX 2,269.82.
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The business also recently declared a dividend, which will be paid on Friday, November 25th. Stockholders of record on Thursday, November 10th will be given a GBX 67.52 ($0.88) dividend. This is a positive change from Go-Ahead Group plc’s previous dividend of $28.33. This represents a dividend yield of 3.06%. The ex-dividend date is Thursday, November 10th.
About Go-Ahead Group plc
The Go-Ahead Group plc is a United Kingdom-based public transport operator, which provides services in the bus and rail sectors. The Company operates in three segments: regional bus, London bus and rail. The regional bus segment is engaged in the bus operations outside London. The London bus segment is engaged in the bus operations in London under control of Transport for London (TfL) and also rail replacement and other contracted services in London.
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