Stagecoach Group plc (SGC) Hits New 1-Year Low at $155.00
Stagecoach Group plc (LON:SGC)’s share price hit a new 52-week low on Thursday . The company traded as low as GBX 155 ($2.00) and last traded at GBX 155 ($2.00), with a volume of 985,390 shares traded. The stock had previously closed at GBX 157.10 ($2.03).
A number of brokerages recently weighed in on SGC. Jefferies Group LLC lowered their target price on shares of Stagecoach Group plc from GBX 230 ($2.97) to GBX 190 ($2.45) and set a “hold” rating on the stock in a report on Monday, July 24th. HSBC Holdings plc lowered their target price on shares of Stagecoach Group plc from GBX 200 ($2.58) to GBX 160 ($2.07) and set a “reduce” rating on the stock in a report on Thursday, July 13th. Shore Capital downgraded shares of Stagecoach Group plc to a “hold” rating in a report on Friday, July 7th. Royal Bank Of Canada boosted their target price on shares of Stagecoach Group plc from GBX 220 ($2.84) to GBX 225 ($2.91) and gave the stock an “outperform” rating in a report on Wednesday, July 5th. Finally, Liberum Capital lowered their target price on shares of Stagecoach Group plc from GBX 185 ($2.39) to GBX 155 ($2.00) and set a “sell” rating on the stock in a report on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Stagecoach Group plc has a consensus rating of “Hold” and an average target price of GBX 195.78 ($2.53).
The firm’s market cap is GBX 885.11 million. The company’s 50-day moving average is GBX 172.87 and its 200-day moving average is GBX 195.62.
The company also recently disclosed a dividend, which will be paid on Wednesday, October 4th. Investors of record on Thursday, August 31st will be issued a GBX 8.10 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a yield of 4.24%. This is a positive change from Stagecoach Group plc’s previous dividend of $3.80.
In other news, insider Ross Paterson acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The stock was bought at an average price of GBX 186 ($2.40) per share, with a total value of £27,900 ($36,032.55). In the last three months, insiders purchased 30,250 shares of company stock valued at $5,714,873.
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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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