Canaccord Genuity Initiates Coverage on Stagecoach Group plc (SGC)
Stock analysts at Canaccord Genuity started coverage on shares of Stagecoach Group plc (LON:SGC) in a research note issued on Monday. The firm set a “hold” rating and a GBX 237 ($3.09) price target on the stock. Canaccord Genuity’s target price would indicate a potential upside of 8.12% from the stock’s previous close.
A number of other research firms also recently weighed in on SGC. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 365 ($4.76) price target on shares of Stagecoach Group plc in a research report on Wednesday, May 25th. JPMorgan Chase & Co. downgraded shares of Stagecoach Group plc to a “neutral” rating and dropped their price target for the company from GBX 338 ($4.41) to GBX 256 ($3.34) in a research report on Wednesday, May 25th. Liberum Capital reiterated a “sell” rating and issued a GBX 255 ($3.33) price target on shares of Stagecoach Group plc in a research report on Monday, May 23rd. Royal Bank Of Canada dropped 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 report on Thursday, September 1st. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 280 ($3.65) price objective on shares of Stagecoach Group plc in a research report on Monday, June 27th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 287.46 ($3.75).
Stagecoach Group plc (LON:SGC) opened at 218.20 on Monday. Stagecoach Group plc has a 52-week low of GBX 193.80 and a 52-week high of GBX 378.50. The company’s market capitalization is GBX 1.25 billion. The stock has a 50 day moving average price of GBX 219.11 and a 200 day moving average price of GBX 238.12.
The firm also recently disclosed a dividend, which will be paid on Wednesday, October 5th. Investors of record on Thursday, September 1st will be paid a GBX 7.90 ($0.10) dividend. This is a boost from Stagecoach Group plc’s previous dividend of $3.50. The ex-dividend date of this dividend is Thursday, September 1st. This represents a dividend yield of 3.48%.
In other Stagecoach Group plc news, insider Griffiths,Martin Andrew acquired 20,000 shares of Stagecoach Group plc stock in a transaction that occurred on Friday, July 1st. The shares were bought at an average price of GBX 209 ($2.73) per share, with a total value of £41,800 ($54,562.07).
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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