Deutsche Bank AG Cuts Stagecoach Group plc (SGC) Price Target to GBX 250

Stagecoach Group plc (LON:SGC) had its price objective decreased by Deutsche Bank AG from GBX 365 ($4.76) to GBX 250 ($3.26) in a research note published on Wednesday morning. Deutsche Bank AG currently has a buy rating on the stock.

Analyst Recommendations for Stagecoach Group plc (LON:SGC)

A number of other research firms have also issued reports on SGC. Barclays PLC reduced their target price on shares of Stagecoach Group plc from GBX 308 ($4.02) to GBX 255 ($3.33) and set an equal weight rating for the company in a research note on Thursday, July 7th. Canaccord Genuity started coverage on shares of Stagecoach Group plc in a research note on Monday, September 19th. They issued a hold rating and a GBX 237 ($3.09) price target for the company. Royal Bank Of Canada reduced their price target on shares of Stagecoach Group plc from GBX 280 ($3.65) to GBX 240 ($3.13) and set a sector performer rating for the company in a research note on Thursday, September 1st. JPMorgan Chase & Co. lowered shares of Stagecoach Group plc to a neutral rating and reduced their price target for the stock from GBX 338 ($4.41) to GBX 256 ($3.34) in a research note on Wednesday, May 25th. Finally, Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 280 ($3.65) price target on shares of Stagecoach Group plc in a research note on Monday, June 27th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Stagecoach Group plc presently has an average rating of Hold and an average price target of GBX 278.62 ($3.64).

Stagecoach Group plc (LON:SGC) opened at 212.50 on Wednesday. The stock’s 50 day moving average is GBX 220.00 and its 200-day moving average is GBX 237.42. Stagecoach Group plc has a 52 week low of GBX 193.80 and a 52 week high of GBX 378.50. The stock’s market capitalization is GBX 1.22 billion.

The business also recently disclosed a dividend, which will be paid on Wednesday, October 5th. Investors of record on Thursday, September 1st will be given a dividend of GBX 7.90 ($0.10) per share. The ex-dividend date is Thursday, September 1st. This is an increase from Stagecoach Group plc’s previous dividend of $3.50. This represents a yield of 3.48%.

In related news, insider Griffiths,Martin Andrew acquired 20,000 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were purchased at an average cost of GBX 209 ($2.73) per share, with a total value of £41,800 ($54,562.07).

About Stagecoach Group plc

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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