Canaccord Genuity Initiates Coverage on Stagecoach Group plc (SGC)
Analysts at Canaccord Genuity assumed coverage on shares of Stagecoach Group plc (LON:SGC) in a report issued on Monday. The brokerage set a “hold” rating and a GBX 237 ($3.09) price target on the stock. Canaccord Genuity’s price target indicates a potential upside of 8.12% from the company’s previous close.
Other analysts also recently issued research reports about the company. Deutsche Bank AG reiterated a “buy” rating and set a GBX 365 ($4.76) price target on shares of Stagecoach Group plc in a research note on Wednesday, May 25th. Barclays PLC decreased their price target on 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. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Stagecoach Group plc in a research note on Thursday, June 30th. Goldman Sachs Group Inc. reissued 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. Finally, Royal Bank Of Canada cut their price objective on 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. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target 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 50-day moving average price is GBX 219.11 and its 200-day moving average price is GBX 238.12. The firm’s market cap is GBX 1.25 billion.
The business also recently announced a dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Thursday, September 1st will be issued a GBX 7.90 ($0.10) dividend. The ex-dividend date is Thursday, September 1st. This is a boost from Stagecoach Group plc’s previous dividend of $3.50. This represents a dividend yield of 3.48%.
In related news, insider Griffiths,Martin Andrew bought 20,000 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was acquired at an average cost 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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