The HSBC Downgraded Stagecoach Group plc (SGC) Price Target to GBX 225

The HSBC Downgraded Stagecoach Group plc (SGC) Price Target to GBX 225

Stagecoach Group plc (LON:SGC) had its price objective dropped by equities researchers at HSBC from GBX 235 ($2.94) to GBX 225 ($2.81) in a research note issued to investors on Thursday. The brokerage currently has a “hold” rating on the stock. HSBC’s price target would suggest a potential upside of 11.28% from the stock’s current price.

SGC has been the subject of a number of other research reports. Barclays PLC reduced their price objective on Stagecoach Group plc from GBX 255 ($3.19) to GBX 240 ($3.00) and set an “equal weight” rating for the company in a research report on Wednesday, October 5th. Royal Bank Of Canada reduced their price objective on Stagecoach Group plc from GBX 280 ($3.50) to GBX 240 ($3.00) and set a “sector performer” rating for the company in a research report on Thursday, September 1st. Canaccord Genuity restated a “hold” rating and issued a GBX 237 ($2.96) price target on shares of Stagecoach Group plc in a research report on Wednesday, September 28th. Investec upgraded Stagecoach Group plc to a “hold” rating and reduced their price target for the stock from GBX 230 ($2.87) to GBX 220 ($2.75) in a research report on Thursday, September 29th. Finally, Shore Capital restated a “buy” rating on shares of Stagecoach Group plc in a research report on Wednesday, September 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 268.23 ($3.35).

Stagecoach Group plc (LON:SGC) opened at 203.30 on Thursday. Stagecoach Group plc has a one year low of GBX 193.80 and a one year high of GBX 365.30. The company’s 50 day moving average price is GBX 201.69 and its 200-day moving average price is GBX 219.59. The stock’s market capitalization is GBX 1.17 billion.

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