Stagecoach Group plc (SGC) Upgraded at Liberum Capital
Stagecoach Group plc (LON:SGC) was upgraded by stock analysts at Liberum Capital to a “hold” rating in a research report issued on Tuesday. The brokerage currently has a GBX 155 ($2.09) target price on the stock. Liberum Capital’s price objective indicates a potential downside of 3.37% from the stock’s previous close.
Several other analysts have also weighed in on the company. Jefferies Group LLC cut their price objective on Stagecoach Group plc from GBX 230 ($3.10) to GBX 190 ($2.56) and set a “hold” rating for the company in a report on Monday, July 24th. HSBC Holdings plc cut their price objective on Stagecoach Group plc from GBX 200 ($2.70) to GBX 160 ($2.16) and set a “reduce” rating for the company in a report on Thursday, July 13th. Shore Capital lowered Stagecoach Group plc to a “hold” rating in a report on Friday, July 7th. Royal Bank Of Canada boosted their target price on Stagecoach Group plc from GBX 220 ($2.97) to GBX 225 ($3.03) and gave the stock an “outperform” rating in a research report on Wednesday, July 5th. Finally, J P Morgan Chase & Co cut their target price on Stagecoach Group plc from GBX 166 ($2.24) to GBX 149 ($2.01) and set an “underweight” rating on the stock in a research report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Stagecoach Group plc currently has a consensus rating of “Hold” and a consensus target price of GBX 189 ($2.55).
Stagecoach Group plc (LON SGC) traded down 0.43% on Tuesday, reaching GBX 160.40. The company’s stock had a trading volume of 1,046,741 shares. Stagecoach Group plc has a 52-week low of GBX 150.80 and a 52-week high of GBX 227.29. The firm’s market capitalization is GBX 920.11 million. The firm has a 50-day moving average price of GBX 171.88 and a 200 day moving average price of GBX 194.79.
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In other news, insider Ross Paterson bought 15,000 shares of the stock in a transaction on Thursday, June 29th. The shares were purchased at an average price of GBX 186 ($2.51) per share, for a total transaction of £27,900 ($37,616.29). Insiders acquired 30,250 shares of company stock worth $5,714,873 in the last 90 days.
Stagecoach Group plc Company Profile
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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