Stagecoach Group plc (SGC) Given Consensus Rating of “Buy” by Brokerages
Stagecoach Group plc (LON:SGC) has been assigned a consensus rating of “Buy” from the ten brokerages that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 168 ($2.19).
Several equities analysts have weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 171 ($2.23) price objective on shares of Stagecoach Group in a report on Thursday, June 28th. Deutsche Bank reaffirmed a “buy” rating on shares of Stagecoach Group in a report on Friday, May 18th. Citigroup raised Stagecoach Group to a “neutral” rating and lifted their price objective for the company from GBX 137 ($1.78) to GBX 171 ($2.23) in a report on Tuesday, July 17th. Liberum Capital dropped their price objective on Stagecoach Group from GBX 185 ($2.41) to GBX 145 ($1.89) and set a “hold” rating for the company in a report on Wednesday, June 6th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Stagecoach Group in a report on Friday, May 18th.
LON SGC traded up GBX 1.70 ($0.02) during midday trading on Friday, hitting GBX 162.60 ($2.12). The company had a trading volume of 1,085,288 shares, compared to its average volume of 1,730,000. Stagecoach Group has a twelve month low of GBX 124.40 ($1.62) and a twelve month high of GBX 217.60 ($2.83).
The firm also recently declared a dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Thursday, August 23rd will be paid a GBX 3.90 ($0.05) dividend. This is a positive change from Stagecoach Group’s previous dividend of $3.80. The ex-dividend date is Thursday, August 23rd. This represents a dividend yield of 2.79%.
About Stagecoach Group
Stagecoach Group plc, together with its subsidiaries, provides public transportation services in the United Kingdom, mainland Europe, the United States, and Canada. It operates through five segments: UK Bus (Regional Operations), megabus Europe, UK Bus (London), North America, and UK Rail. The company offers bus, coach, train, and tram services.
Further Reading: What do I need to know about analyst ratings?
Receive News & Ratings for Stagecoach Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stagecoach Group and related companies with MarketBeat.com's FREE daily email newsletter.