Investec upgraded shares of Stagecoach Group plc (LON:SGC) to a hold rating in a research note released on Thursday. The brokerage currently has GBX 220 ($2.87) price target on the stock, down from their prior price target of GBX 230 ($3.00).
A number of other research analysts have also recently issued reports on SGC. Goldman Sachs Group Inc. reiterated a neutral rating and issued a GBX 280 ($3.65) target price on shares of Stagecoach Group plc in a research report on Monday, June 27th. JPMorgan Chase & Co. reiterated a neutral rating on shares of Stagecoach Group plc in a research report on Thursday, June 30th. Deutsche Bank AG reiterated a buy rating and issued a GBX 365 ($4.76) target price on shares of Stagecoach Group plc in a research report on Thursday, June 30th. Barclays PLC decreased their target price on Stagecoach Group plc from GBX 308 ($4.02) to GBX 255 ($3.33) and set an equal weight rating on the stock in a research report on Thursday, July 7th. Finally, Royal Bank Of Canada decreased their target price on Stagecoach Group plc from GBX 280 ($3.65) to GBX 240 ($3.13) and set a sector performer rating on the stock in a research report on Thursday, September 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Stagecoach Group plc presently has a consensus rating of Hold and an average price target of GBX 274 ($3.58).
Shares of Stagecoach Group plc (LON:SGC) opened at 210.50 on Thursday. Stagecoach Group plc has a 52 week low of GBX 193.80 and a 52 week high of GBX 378.50. The stock has a 50 day moving average price of GBX 220.28 and a 200-day moving average price of GBX 235.33. The company’s market capitalization is GBX 1.21 billion.
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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