Shares of Stagecoach Group plc (LON:SGC) have been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 204.67 ($2.67).
Several analysts have recently commented on SGC shares. HSBC Holdings plc cut Stagecoach Group plc to a “reduce” rating and reduced their price target for the company from GBX 205 ($2.68) to GBX 200 ($2.61) in a report on Friday, April 28th. Liberum Capital cut Stagecoach Group plc to a “sell” rating and reduced their price target for the company from GBX 215 ($2.81) to GBX 185 ($2.42) in a report on Thursday, April 6th. Shore Capital reissued a “buy” rating on shares of Stagecoach Group plc in a report on Wednesday, March 29th. Barclays PLC reissued an “equal weight” rating and issued a GBX 195 ($2.55) price target on shares of Stagecoach Group plc in a report on Thursday, June 29th. Finally, J P Morgan Chase & Co raised their price target on Stagecoach Group plc from GBX 165 ($2.15) to GBX 166 ($2.17) and gave the company an “underweight” rating in a report on Thursday, March 30th.
In related news, insider Ross Paterson purchased 15,000 shares of the company’s stock in a transaction on Thursday, June 29th. The stock was bought at an average price of GBX 186 ($2.43) per share, with a total value of £27,900 ($36,432.49). Insiders have acquired 30,221 shares of company stock valued at $5,714,997 in the last three months.
Stagecoach Group plc (LON SGC) traded up 2.24% during mid-day trading on Monday, hitting GBX 182.80. The stock had a trading volume of 1,657,786 shares. The stock has a 50-day moving average price of GBX 208.31 and a 200 day moving average price of GBX 210.17. Stagecoach Group plc has a 12-month low of GBX 175.50 and a 12-month high of GBX 232.93. The firm’s market cap is GBX 1.05 billion.
The company also recently disclosed a dividend, which will be paid on Wednesday, October 4th. Investors of record on Thursday, August 31st will be paid a GBX 8.10 ($0.11) dividend. This is an increase from Stagecoach Group plc’s previous dividend of $3.80. This represents a yield of 4.24%. The ex-dividend date of this dividend is Thursday, August 31st.
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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