Stagecoach Group plc (SGC) Price Target Lowered to GBX 190 at Jefferies Group LLC
Stagecoach Group plc (LON:SGC) had its price objective decreased by research analysts at Jefferies Group LLC from GBX 230 ($3.00) to GBX 190 ($2.48) in a research note issued to investors on Monday. The firm presently has a “hold” rating on the stock. Jefferies Group LLC’s price target suggests a potential upside of 6.44% from the company’s current price.
Several other brokerages have also commented on SGC. Liberum Capital restated a “sell” rating and issued a GBX 185 ($2.41) price objective on shares of Stagecoach Group plc in a report on Thursday, May 11th. HSBC Holdings plc lowered shares of Stagecoach Group plc to a “reduce” rating and reduced their target price for the stock from GBX 205 ($2.67) to GBX 200 ($2.61) in a report on Friday, April 28th. J P Morgan Chase & Co increased their target price on shares of Stagecoach Group plc from GBX 165 ($2.15) to GBX 166 ($2.16) and gave the stock an “underweight” rating in a report on Thursday, March 30th. Canaccord Genuity reiterated a “hold” rating and set a GBX 218 ($2.84) target price on shares of Stagecoach Group plc in a report on Thursday, March 30th. Finally, Shore Capital reiterated a “buy” rating on shares of Stagecoach Group plc in a report on Wednesday, March 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Stagecoach Group plc presently has an average rating of “Hold” and a consensus price target of GBX 205.20 ($2.67).
Shares of Stagecoach Group plc (LON SGC) traded down 2.25% during trading on Monday, hitting GBX 178.50. 1,981,056 shares of the stock were exchanged. The company’s market cap is GBX 1.02 billion. The stock’s 50 day moving average price is GBX 196.38 and its 200-day moving average price is GBX 206.92. Stagecoach Group plc has a one year low of GBX 175.50 and a one year high of GBX 232.93.
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In related news, insider Ross Paterson acquired 15,000 shares of Stagecoach Group plc stock in a transaction that occurred on Thursday, June 29th. The stock was purchased at an average price of GBX 186 ($2.42) per share, for a total transaction of £27,900 ($36,347.06). Insiders bought a total of 30,221 shares of company stock valued at $5,714,997 in the last 90 days.
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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