Stagecoach Group plc (LON:SGC) had its target price trimmed by HSBC Holdings plc from GBX 200 ($2.60) to GBX 160 ($2.08) in a research report released on Thursday, July 13th. The firm currently has a reduce rating on the stock.
Several other analysts also recently weighed in on SGC. J P Morgan Chase & Co raised their target price on Stagecoach Group plc from GBX 165 ($2.15) to GBX 166 ($2.16) and gave the company an underweight rating in a research note on Thursday, March 30th. Canaccord Genuity restated a hold rating and set a GBX 218 ($2.84) target price on shares of Stagecoach Group plc in a research note on Thursday, March 30th. Liberum Capital reduced their price target on shares of Stagecoach Group plc from GBX 185 ($2.41) to GBX 155 ($2.02) and set a sell rating on the stock in a research report on Tuesday, July 4th. Barclays PLC reaffirmed an equal weight rating and set a GBX 195 ($2.54) price target on shares of Stagecoach Group plc in a research report on Thursday, June 29th. Finally, Shore Capital cut shares of Stagecoach Group plc to a hold rating in a research report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Stagecoach Group plc has an average rating of Hold and a consensus price target of GBX 205.20 ($2.67).
Shares of Stagecoach Group plc (SGC) opened at 184.00 on Thursday. The stock’s market capitalization is GBX 1.06 billion. The firm has a 50-day moving average price of GBX 188.02 and a 200-day moving average price of GBX 203.71. Stagecoach Group plc has a 1-year low of GBX 174.60 and a 1-year high of GBX 232.93.
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The firm also recently declared a dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Thursday, August 31st will be issued a dividend of GBX 8.10 ($0.11) per share. This represents a dividend yield of 4.24%. The ex-dividend date of this dividend is Thursday, August 31st. This is a boost from Stagecoach Group plc’s previous dividend of $3.80.
In other Stagecoach Group plc news, insider Ross Paterson purchased 15,000 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were bought at an average price of GBX 186 ($2.42) per share, with a total value of £27,900 ($36,332.86). In the last ninety days, insiders have bought 30,232 shares of company stock worth $5,715,044.
About Stagecoach Group plc
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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