Stagecoach Group plc (SGC) Stock Rating Reaffirmed by HSBC Holdings plc
Stagecoach Group plc (LON:SGC)‘s stock had its “hold” rating reissued by stock analysts at HSBC Holdings plc in a research report issued to clients and investors on Friday. They presently have a GBX 160 ($2.11) price objective on the stock. HSBC Holdings plc’s price target suggests a potential downside of 2.69% from the stock’s previous close.
SGC has been the subject of several other reports. J P Morgan Chase & Co cut their price objective on shares of Stagecoach Group plc from GBX 149 ($1.97) to GBX 131 ($1.73) and set an “underweight” rating for the company in a report on Friday, October 13th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 155 ($2.05) price objective on shares of Stagecoach Group plc in a report on Thursday, September 28th. Shore Capital reaffirmed a “hold” rating on shares of Stagecoach Group plc in a report on Thursday, September 28th. Finally, Jefferies Group LLC cut their price objective on shares of Stagecoach Group plc from GBX 230 ($3.04) to GBX 190 ($2.51) and set a “hold” rating for the company in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 184.14 ($2.43).
Shares of Stagecoach Group plc (SGC) opened at GBX 164.43 ($2.17) on Friday. Stagecoach Group plc has a one year low of GBX 150.80 ($1.99) and a one year high of GBX 227.29 ($3.00).
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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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