Stobart Group (LON:STOB) had its price objective reduced by Canaccord Genuity from GBX 350 ($4.57) to GBX 190 ($2.48) in a report issued on Thursday morning, Digital Look reports. They currently have a buy rating on the stock.
Separately, Jefferies Financial Group reduced their price target on Stobart Group from GBX 174 ($2.27) to GBX 168 ($2.20) and set a buy rating on the stock in a report on Thursday.
Shares of LON STOB traded up GBX 1.80 ($0.02) during trading on Thursday, hitting GBX 118.80 ($1.55). 1,028,906 shares of the company were exchanged, compared to its average volume of 630,712. Stobart Group has a 12-month low of GBX 98.10 ($1.28) and a 12-month high of GBX 209.50 ($2.74). The company has a debt-to-equity ratio of 32.85, a quick ratio of 0.50 and a current ratio of 0.71. The company has a fifty day moving average price of GBX 123.94 and a 200-day moving average price of GBX 120.61. The firm has a market capitalization of $445.09 million and a PE ratio of -7.16.
In related news, insider David J. B. Shearer acquired 100,000 shares of Stobart Group stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average cost of GBX 121 ($1.58) per share, for a total transaction of £121,000 ($158,107.93).
Stobart Group Company Profile
Stobart Group Limited is engaged in infrastructure and support service businesses operating in the biomass energy, aviation and railway maintenance sectors, as well as has investments in a national property and logistics portfolio. Its segments are Energy, Aviation, Rail, Infrastructure and Investments.
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