Go-Ahead Group plc (GOG) Research Coverage Started at Deutsche Bank AG
Research analysts at Deutsche Bank AG initiated coverage on shares of Go-Ahead Group plc (LON:GOG) in a research note issued on Wednesday. The brokerage set a “buy” rating and a GBX 2,330 ($30.41) price target on the stock. Deutsche Bank AG’s price target indicates a potential upside of 14.61% from the company’s previous close.
A number of other brokerages also recently weighed in on GOG. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 2,521 ($32.91) target price on shares of Go-Ahead Group plc in a report on Wednesday, May 25th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 2,300 ($30.02) target price on shares of Go-Ahead Group plc in a report on Monday, September 5th. Jefferies Group reduced their target price on Go-Ahead Group plc from GBX 2,775 ($36.22) to GBX 2,665 ($34.79) and set a “buy” rating on the stock in a report on Tuesday, September 13th. HSBC reduced their target price on Go-Ahead Group plc from GBX 2,850 ($37.20) to GBX 2,310 ($30.15) and set a “buy” rating on the stock in a report on Thursday, June 16th. Finally, 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 objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Go-Ahead Group plc currently has a consensus rating of “Buy” and an average target price of GBX 2,588.38 ($33.79).
Go-Ahead Group plc (LON:GOG) traded up 0.10% during midday trading on Wednesday, hitting GBX 2033.00. The stock had a trading volume of 69,018 shares. The company’s 50-day moving average price is GBX 1,977.39 and its 200 day moving average price is GBX 2,267.74. The company’s market capitalization is GBX 871.95 million. Go-Ahead Group plc has a 52 week low of GBX 1,775.00 and a 52 week high of GBX 2,758.00.
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The firm also recently disclosed 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. The ex-dividend date is Thursday, November 10th. This is a positive change from Go-Ahead Group plc’s previous dividend of $28.33. This represents a dividend yield of 3.06%.
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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