Stagecoach Group plc (SGC) Price Target Cut to GBX 230
Stagecoach Group plc (LON:SGC) had its target price cut by investment analysts at Jefferies Group from GBX 280 ($3.65) to GBX 230 ($3.00) in a research report issued on Wednesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 12.75% from the company’s previous close.
SGC has been the topic of several other reports. Royal Bank Of Canada cut their target price 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 research report on Thursday, September 1st. Barclays PLC cut their target price on Stagecoach Group plc from GBX 255 ($3.33) to GBX 240 ($3.13) and set an “equal weight” rating on the stock in a research report on Wednesday. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 365 ($4.76) price target on shares of Stagecoach Group plc in a report on Thursday, June 30th. Investec raised shares of Stagecoach Group plc to a “hold” rating and lowered their price target for the company from GBX 230 ($3.00) to GBX 220 ($2.87) in a report on Thursday, September 29th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 237 ($3.09) price target on shares of Stagecoach Group plc in a report on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 269 ($3.51).
Shares of Stagecoach Group plc (LON:SGC) traded down 2.58% during midday trading on Wednesday, hitting GBX 204.00. The stock had a trading volume of 1,202,244 shares. The firm has a 50 day moving average price of GBX 219.37 and a 200-day moving average price of GBX 233.43. 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 1.17 billion.
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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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