Stagecoach Group (SGC) Stock Rating Upgraded by Canaccord Genuity

Stagecoach Group (LON:SGC) was upgraded by analysts at Canaccord Genuity to a “buy” rating in a note issued to investors on Wednesday. The brokerage presently has a GBX 171 ($2.40) price target on the stock, down from their previous price target of GBX 191 ($2.68). Canaccord Genuity’s price target points to a potential upside of 25.74% from the stock’s previous close.

Several other research analysts also recently weighed in on SGC. Liberum Capital boosted their price target on Stagecoach Group from GBX 170 ($2.38) to GBX 185 ($2.59) and gave the company a “buy” rating in a report on Thursday, December 14th. Deutsche Bank cut their price target on Stagecoach Group from GBX 220 ($3.08) to GBX 210 ($2.94) and set a “buy” rating for the company in a report on Friday, November 17th. JPMorgan Chase & Co. cut their price target on Stagecoach Group from GBX 149 ($2.09) to GBX 131 ($1.84) and set an “underweight” rating for the company in a report on Friday, October 13th. reiterated a “hold” rating and issued a GBX 160 ($2.24) price target on shares of Stagecoach Group in a report on Friday, November 3rd. Finally, HSBC reissued a “buy” rating on shares of Stagecoach Group in a research note on Thursday, November 30th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 180.20 ($2.53).

Stagecoach Group (SGC) traded down GBX 11.60 ($0.16) during mid-day trading on Wednesday, hitting GBX 136 ($1.91). 2,430,645 shares of the stock were exchanged, compared to its average volume of 1,210,000. Stagecoach Group has a 52 week low of GBX 124.40 ($1.74) and a 52 week high of GBX 221.40 ($3.10). The firm has a market cap of $779.75 and a P/E ratio of 2,266.67.

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About Stagecoach Group

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.

Analyst Recommendations for Stagecoach Group (LON:SGC)

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