Go-Ahead Group plc (GOG) Downgraded by J P Morgan Chase & Co to Underweight
Go-Ahead Group plc (LON:GOG) was downgraded by J P Morgan Chase & Co to an “underweight” rating in a research report issued on Friday, Marketbeat Ratings reports. They presently have a GBX 1,355 ($17.50) target price on the stock, down from their previous target price of GBX 1,882 ($24.31). J P Morgan Chase & Co’s price target would suggest a potential downside of 13.36% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the stock. Liberum Capital reissued a “buy” rating and set a GBX 1,910 ($24.67) price target on shares of Go-Ahead Group plc in a research note on Thursday. Royal Bank Of Canada dropped their price target on shares of Go-Ahead Group plc from GBX 1,925 ($24.86) to GBX 1,900 ($24.54) and set a “sector performer” rating for the company in a research note on Friday, June 23rd. Barclays PLC reissued an “equal weight” rating on shares of Go-Ahead Group plc in a research note on Friday, June 23rd. Investec reissued a “buy” rating and set a GBX 2,250 ($29.06) price target on shares of Go-Ahead Group plc in a research note on Thursday, June 22nd. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 2,500 ($32.29) price target on shares of Go-Ahead Group plc in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Go-Ahead Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 2,080 ($26.86).
Shares of Go-Ahead Group plc (GOG) traded up 0.90% during mid-day trading on Friday, reaching GBX 1564.00. 359,510 shares of the company were exchanged. Go-Ahead Group plc has a 12 month low of GBX 1,442.00 and a 12 month high of GBX 2,344.00. The stock’s market capitalization is GBX 670.22 million. The firm has a 50-day moving average price of GBX 1,752.46 and a 200 day moving average price of GBX 1,797.03.
Go-Ahead Group plc (LON:GOG) last posted its quarterly earnings results on Thursday, September 7th. The company reported $2.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.09 by $0.02. Go-Ahead Group plc had a return on equity of 52.90% and a net margin of 3.28%. Equities research analysts anticipate that Go-Ahead Group plc will post $195.50 EPS for the current fiscal year.
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About Go-Ahead Group plc
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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