HSBC Holdings plc Reaffirms Hold Rating for Stagecoach Group plc (SGC)
HSBC Holdings plc reissued their hold rating on shares of Stagecoach Group plc (LON:SGC) in a research note released on Friday morning. HSBC Holdings plc currently has a GBX 160 ($2.11) target price on the stock.
Several other research firms have also recently weighed in on SGC. Shore Capital cut Stagecoach Group plc to a hold rating in a report on Friday, July 7th. Jefferies Group LLC lowered their price target on Stagecoach Group plc from GBX 230 ($3.04) to GBX 190 ($2.51) and set a hold rating on the stock in a report on Monday, July 24th. Liberum Capital raised their price objective on Stagecoach Group plc from GBX 155 ($2.05) to GBX 170 ($2.24) and gave the company a hold rating in a report on Thursday, October 5th. Finally, J P Morgan Chase & Co decreased their price objective on Stagecoach Group plc from GBX 149 ($1.97) to GBX 131 ($1.73) and set an underweight rating on the stock in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 184.14 ($2.43).
Shares of Stagecoach Group plc (SGC) opened at GBX 163.50 ($2.16) on Friday. Stagecoach Group plc has a 1-year low of GBX 150.80 ($1.99) and a 1-year high of GBX 227.29 ($3.00).
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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