Jefferies Group Cuts Stagecoach Group plc (SGC) Price Target to GBX 230
Stagecoach Group plc (LON:SGC) had its target price decreased by Jefferies Group from GBX 280 ($3.65) to GBX 230 ($3.00) in a research report issued on Wednesday. The brokerage currently has a “hold” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 6.48% from the company’s previous close.
A number of other research firms also recently commented on SGC. JPMorgan Chase & Co. decreased their target price on Stagecoach Group plc from GBX 256 ($3.34) to GBX 180 ($2.35) and set an “underweight” rating for the company in a report on Friday, July 1st. Royal Bank Of Canada decreased their price target 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 report on Thursday, September 1st. Deutsche Bank AG reissued a “buy” rating and issued a GBX 365 ($4.76) price target on shares of Stagecoach Group plc in a report on Thursday, June 30th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 280 ($3.65) price target on shares of Stagecoach Group plc in a report on Monday, June 27th. Finally, Canaccord Genuity began coverage on Stagecoach Group plc in a report on Monday, September 19th. They issued a “hold” rating and a GBX 237 ($3.09) price target for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 269 ($3.51).
Stagecoach Group plc (LON:SGC) opened at 214.80 on Wednesday. Stagecoach Group plc has a 12-month low of GBX 193.80 and a 12-month high of GBX 378.50. The stock’s market capitalization is GBX 1.23 billion. The company has a 50 day moving average of GBX 220.09 and a 200-day moving average of GBX 234.22.
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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