Stagecoach Group plc (LON:SGC) Receives Consensus Recommendation of “Hold” from Analysts
Stagecoach Group plc (LON:SGC) has received an average recommendation of “Hold” from the twelve brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 200.22 ($2.61).
Several research firms have recently weighed in on SGC. Liberum Capital restated a “sell” rating and issued a GBX 185 ($2.41) price target on shares of Stagecoach Group plc in a research note on Thursday, May 11th. HSBC Holdings plc cut Stagecoach Group plc to a “reduce” rating and reduced their price objective for the company from GBX 205 ($2.67) to GBX 200 ($2.60) in a research report on Friday, April 28th. J P Morgan Chase & Co reduced their price objective on Stagecoach Group plc from GBX 166 ($2.16) to GBX 149 ($1.94) and set an “underweight” rating for the company in a research report on Thursday, June 29th. Shore Capital cut Stagecoach Group plc to a “hold” rating in a research report on Friday, July 7th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 195 ($2.54) price target on shares of Stagecoach Group plc in a report on Thursday, June 29th.
In other news, insider Martin Andrew Griffiths purchased 15,000 shares of the stock in a transaction on Wednesday, June 28th. The stock was bought at an average price of GBX 192 ($2.50) per share, with a total value of £28,800 ($37,504.88). In the last ninety days, insiders have acquired 30,232 shares of company stock valued at $5,715,044.
Stagecoach Group plc (LON SGC) traded down 0.93% during midday trading on Friday, reaching GBX 180.40. The company had a trading volume of 657,396 shares. Stagecoach Group plc has a 12-month low of GBX 174.60 and a 12-month high of GBX 232.93. The stock’s market capitalization is GBX 1.03 billion. The company has a 50-day moving average of GBX 185.82 and a 200-day moving average of GBX 203.17.
The company also recently declared a dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Thursday, August 31st will be given a dividend of GBX 8.10 ($0.11) per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a yield of 4.24%. This is a boost from Stagecoach Group plc’s previous dividend of $3.80.
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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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