HSBC Lowers Stagecoach Group (SGC) Price Target to GBX 170

Stagecoach Group (LON:SGC) had its price objective trimmed by HSBC from GBX 190 ($2.48) to GBX 170 ($2.22) in a research report report published on Wednesday, October 17th. The brokerage currently has a buy rating on the stock.

Several other brokerages have also issued reports on SGC. Liberum Capital reiterated a hold rating on shares of Stagecoach Group in a report on Thursday, June 28th. Canaccord Genuity reiterated a buy rating and issued a GBX 171 ($2.23) price target on shares of Stagecoach Group in a report on Thursday, June 28th. Finally, Citigroup upgraded Stagecoach Group to a neutral rating and raised their target price for the company from GBX 137 ($1.79) to GBX 171 ($2.23) in a report on Tuesday, July 17th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of GBX 168.83 ($2.21).

Shares of SGC stock traded down GBX 0.40 ($0.01) on Wednesday, hitting GBX 152.60 ($1.99). The company had a trading volume of 653,301 shares, compared to its average volume of 1,730,000. Stagecoach Group has a twelve month low of GBX 124.40 ($1.63) and a twelve month high of GBX 217.60 ($2.84).

Stagecoach Group Company Profile

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.

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