J P Morgan Chase & Co Cuts Stagecoach Group plc (SGC) Price Target to GBX 131
Stagecoach Group plc (LON:SGC) had its price objective cut by equities researchers at J P Morgan Chase & Co from GBX 149 ($1.96) to GBX 131 ($1.72) in a research report issued to clients and investors on Friday. The brokerage currently has an “underweight” rating on the stock. J P Morgan Chase & Co’s target price would suggest a potential downside of 18.58% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Liberum Capital lifted their target price on Stagecoach Group plc from GBX 155 ($2.04) to GBX 170 ($2.24) and gave the stock a “hold” rating in a research report on Thursday, October 5th. Shore Capital downgraded Stagecoach Group plc to a “hold” rating in a report on Friday, July 7th. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 195 ($2.56) price objective on shares of Stagecoach Group plc in a report on Thursday, June 29th. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 218 ($2.87) price objective on shares of Stagecoach Group plc in a report on Wednesday, June 28th. Finally, Royal Bank Of Canada lifted their price objective on Stagecoach Group plc from GBX 220 ($2.89) to GBX 225 ($2.96) and gave the company an “outperform” rating in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 184.14 ($2.42).
Stagecoach Group plc (LON SGC) traded down 0.56% on Friday, reaching GBX 160.90. The company’s stock had a trading volume of 840,643 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 922.97 million. The stock’s 50 day moving average is GBX 164.54 and its 200-day moving average is GBX 190.24.
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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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