Stagecoach Group plc (SGC) Price Target Cut to GBX 250
Stagecoach Group plc (LON:SGC) had its price target cut by Deutsche Bank AG from GBX 365 ($4.76) to GBX 250 ($3.26) in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Deutsche Bank AG’s price target points to a potential upside of 14.05% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. Goldman Sachs Group Inc. restated a “neutral” rating and issued a GBX 280 ($3.65) price target on shares of Stagecoach Group plc in a research report on Monday, June 27th. Canaccord Genuity assumed coverage on Stagecoach Group plc in a research report on Monday. They issued a “hold” rating and a GBX 237 ($3.09) price target for the company. JPMorgan Chase & Co. dropped their price target on Stagecoach Group plc from GBX 256 ($3.34) to GBX 180 ($2.35) and set an “underweight” rating for the company in a research report on Friday, July 1st. Barclays PLC dropped their price target on 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. Finally, Royal Bank Of Canada dropped their price objective on 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. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 278.62 ($3.64).
Shares of Stagecoach Group plc (LON:SGC) opened at 217.60 on Wednesday. The stock’s market capitalization is GBX 1.25 billion. The firm’s 50-day moving average is GBX 219.11 and its 200-day moving average is GBX 238.12. Stagecoach Group plc has a 52 week low of GBX 193.80 and a 52 week high of GBX 378.50.
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The company also recently disclosed a dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Thursday, September 1st will be paid a GBX 7.90 ($0.10) dividend. This is a positive change from Stagecoach Group plc’s previous dividend of $3.50. This represents a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, September 1st.
In related news, insider Griffiths,Martin Andrew purchased 20,000 shares of Stagecoach Group plc stock in a transaction that occurred on Friday, July 1st. The shares were purchased at an average cost of GBX 209 ($2.73) per share, with a total value 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.
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