Go-Ahead Group plc (GOG) Given Buy Rating at Canaccord Genuity
Go-Ahead Group plc (LON:GOG)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity in a research note issued to investors on Thursday. They currently have a GBX 2,500 ($31.47) price target on the stock. Canaccord Genuity’s target price would suggest a potential upside of 44.59% from the stock’s previous close.
Several other analysts have also issued reports on GOG. Shore Capital restated a “buy” rating on shares of Go-Ahead Group plc in a report on Thursday. Liberum Capital restated a “buy” rating and issued a GBX 1,975 ($24.86) price objective on shares of Go-Ahead Group plc in a report on Thursday. Barclays PLC restated an “equal weight” rating on shares of Go-Ahead Group plc in a report on Wednesday, March 1st. JPMorgan Chase & Co. reduced their price objective on shares of Go-Ahead Group plc from GBX 2,788 ($35.09) to GBX 2,513 ($31.63) and set an “overweight” rating on the stock in a report on Wednesday, March 1st. Finally, HSBC Holdings plc boosted their price objective on shares of Go-Ahead Group plc from GBX 2,335 ($29.39) to GBX 2,475 ($31.15) and gave the company a “buy” rating in a report on Wednesday, January 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 2,318 ($29.18).
Shares of Go-Ahead Group plc (LON:GOG) opened at 1791.00 on Thursday. The stock’s market cap is GBX 767.50 million. The company’s 50-day moving average is GBX 1,767.00 and its 200-day moving average is GBX 2,055.18. Go-Ahead Group plc has a 1-year low of GBX 1,686.00 and a 1-year high of GBX 2,682.00.
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The company also recently announced a dividend, which will be paid on Friday, April 21st. Shareholders of record on Thursday, March 30th will be given a GBX 30.17 ($0.38) dividend. This represents a yield of 1.53%. The ex-dividend date of this dividend is Thursday, March 30th.
In other news, insider David Brown bought 2,868 shares of the company’s stock in a transaction on Thursday, March 9th. The stock was bought at an average cost of GBX 1,726 ($21.72) per share, with a total value of £49,501.68 ($62,305.45). Also, insider Ian P. Butcher bought 2,477 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was purchased at an average cost of GBX 2,007 ($25.26) per share, with a total value of £49,713.39 ($62,571.92). Over the last ninety days, insiders acquired 9,024 shares of company stock valued at $16,422,752.
Go-Ahead Group plc Company Profile
The Go-Ahead Group plc is a public transport provider. The Company is a bus operator in the United Kingdom both in and outside London. The Company operates through three segments: regional bus, London bus and rail. The regional bus segment comprises bus operations outside London. The London bus segment comprises bus operations in London under control of Transport for London (TfL), and rail replacement and other contracted services in London.
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