Stagecoach Group plc (SGC) Price Target Cut to GBX 240 by Analysts at Barclays PLC
Stagecoach Group plc (LON:SGC) had its price objective reduced by Barclays PLC from GBX 255 ($3.33) to GBX 240 ($3.13) in a research report issued to clients and investors on Wednesday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s target price would indicate a potential upside of 17.65% from the stock’s current price.
Several other equities analysts have also recently weighed in on SGC. Citigroup Inc. restated a “buy” rating on shares of Stagecoach Group plc in a research note on Tuesday. Investec upgraded Stagecoach Group plc to a “hold” rating and dropped their price objective for the company from GBX 230 ($3.00) to GBX 220 ($2.87) in a research note on Thursday, September 29th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Stagecoach Group plc in a research note on Thursday, September 29th. Canaccord Genuity restated a “hold” rating and set a GBX 237 ($3.09) price objective on shares of Stagecoach Group plc in a research note on Wednesday, September 28th. Finally, Shore Capital restated a “buy” rating on shares of Stagecoach Group plc in a research note on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 269 ($3.51).
Stagecoach Group plc (LON:SGC) traded down 2.58% during trading on Wednesday, hitting GBX 204.00. 1,202,244 shares of the company traded hands. Stagecoach Group plc has a 12-month low of GBX 193.80 and a 12-month high of GBX 378.50. The company’s market capitalization is GBX 1.17 billion. The stock has a 50 day moving average price of GBX 219.37 and a 200 day moving average price of GBX 233.43.
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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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