Stagecoach Group plc (LON:SGC) Given Average Recommendation of “Hold” by Brokerages
Stagecoach Group plc (LON:SGC) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company. Four equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 269.33 ($3.52).
Several brokerages have issued reports on SGC. Deutsche Bank AG restated a “buy” rating and set a GBX 365 ($4.76) price objective on shares of Stagecoach Group plc in a research report on Wednesday, May 25th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Stagecoach Group plc in a research report on Thursday, June 30th. Royal Bank Of Canada cut their price objective on shares of Stagecoach Group plc from GBX 280 ($3.65) to GBX 240 ($3.13) and set a “sector performer” rating for the company in a research report on Thursday, September 1st. Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 280 ($3.65) price objective on shares of Stagecoach Group plc in a research report on Monday, June 27th. Finally, Barclays PLC cut their price objective on shares of Stagecoach Group plc from GBX 308 ($4.02) to GBX 255 ($3.33) and set an “equal weight” rating for the company in a research report on Thursday, July 7th.
Stagecoach Group plc (LON:SGC) traded down 1.69% during midday trading on Wednesday, reaching GBX 215.50. The company had a trading volume of 762,838 shares. Stagecoach Group plc has a one year low of GBX 193.80 and a one year high of GBX 378.50. The company’s market capitalization is GBX 1.24 billion. The stock’s 50 day moving average is GBX 219.11 and its 200 day moving average is GBX 238.12.
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The business also recently announced a dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Thursday, September 1st will be paid a dividend of GBX 7.90 ($0.10) per share. This represents a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, September 1st. This is a boost from Stagecoach Group plc’s previous dividend of $3.50.
In related news, insider Griffiths,Martin Andrew bought 20,000 shares of the firm’s stock in a transaction on Friday, July 1st. The shares were purchased at an average price of GBX 209 ($2.73) per share, with a total value of £41,800 ($54,562.07).
Stagecoach Group plc Company Profile
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.
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