HSBC Holdings plc Reaffirms “Hold” Rating for Stagecoach Group plc (SGC)
Stagecoach Group plc (LON:SGC)‘s stock had its “hold” rating reissued by HSBC Holdings plc in a research note issued on Friday. They presently have a GBX 160 ($2.11) target price on the stock. HSBC Holdings plc’s price target points to a potential downside of 4.76% from the company’s previous close.
A number of other equities analysts have also recently commented on the company. Shore Capital cut Stagecoach Group plc to a “hold” rating in a report on Friday, July 7th. Jefferies Group LLC lowered their target price on Stagecoach Group plc from GBX 230 ($3.04) to GBX 190 ($2.51) and set a “hold” rating for the company in a report on Monday, July 24th. Liberum Capital raised their target price on Stagecoach Group plc from GBX 155 ($2.05) to GBX 170 ($2.24) and gave the company a “hold” rating in a report on Thursday, October 5th. Finally, J P Morgan Chase & Co lowered their target price on Stagecoach Group plc from GBX 149 ($1.97) to GBX 131 ($1.73) and set an “underweight” rating for the company in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 184.14 ($2.43).
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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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