Go-Ahead Group (LON:GOG) had its price target lifted by analysts at HSBC from GBX 1,940 ($26.80) to GBX 2,030 ($28.05) in a report issued on Monday. The firm presently has a “buy” rating on the stock. HSBC’s target price points to a potential upside of 21.19% from the company’s current price.
Other research analysts have also recently issued research reports about the company. Liberum Capital restated a “buy” rating and issued a GBX 1,810 ($25.01) price target on shares of Go-Ahead Group in a research report on Thursday, November 30th. Canaccord Genuity restated a “buy” rating and issued a GBX 2,080 ($28.74) price target on shares of Go-Ahead Group in a research report on Thursday, February 22nd. Shore Capital restated a “buy” rating on shares of Go-Ahead Group in a research report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. raised their price target on Go-Ahead Group from GBX 1,355 ($18.72) to GBX 1,360 ($18.79) and gave the stock an “underweight” rating in a research report on Monday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 1,930 ($26.66).
Go-Ahead Group stock opened at GBX 1,675 ($23.14) on Monday. Go-Ahead Group has a 12-month low of GBX 1,310 ($18.10) and a 12-month high of GBX 1,952 ($26.97). The company has a market capitalization of $679.22 and a price-to-earnings ratio of 779.07.
Go-Ahead Group (LON:GOG) last issued its quarterly earnings results on Thursday, February 22nd. The company reported GBX 115.50 ($1.60) EPS for the quarter. Go-Ahead Group had a return on equity of 45.31% and a net margin of 3.13%. The company had revenue of GBX 182.94 billion for the quarter.
In other Go-Ahead Group news, insider Ian P. Butcher acquired 3,300 shares of Go-Ahead Group stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average cost of GBX 1,522 ($21.03) per share, with a total value of £50,226 ($69,392.10). Insiders purchased 3,319 shares of company stock worth $5,053,299 over the last ninety days.
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About Go-Ahead Group
The Go-Ahead Group plc is a United Kingdom-based public passenger transport company for bus and rail services. The Group operates through three segments: regional bus, London bus and rail. The regional bus segment comprises commercial bus businesses outside of London. The London bus segment comprises tendered bus operations under control of Transport for London (TfL).
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