Insider Buying: Stagecoach Group plc (SGC) Insider Buys 94 Shares of Stock

Stagecoach Group plc (LON:SGC) insider Ross Paterson purchased 94 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were purchased at an average cost of GBX 160 ($2.10) per share, with a total value of £150.40 ($197.61).

Stagecoach Group opened at GBX 157.20 ($2.07) on Friday, Marketbeat Ratings reports. Stagecoach Group plc has a 52 week low of GBX 124.40 ($1.63) and a 52 week high of GBX 217.60 ($2.86).

Stagecoach Group (LON:SGC) last posted its quarterly earnings data on Thursday, June 28th. The company reported GBX 22.30 ($0.29) EPS for the quarter, topping analysts’ consensus estimates of GBX 20.10 ($0.26) by GBX 2.20 ($0.03). Stagecoach Group had a return on equity of 86.65% and a net margin of 4.34%.

The business also recently disclosed a dividend, which will be paid on Wednesday, October 3rd. Investors of record on Thursday, August 23rd will be given a dividend of GBX 3.90 ($0.05) per share. This represents a yield of 2.79%. The ex-dividend date of this dividend is Thursday, August 23rd. This is a boost from Stagecoach Group’s previous dividend of $3.80.

Several research analysts have recently issued reports on SGC shares. Citigroup raised Stagecoach Group to a “neutral” rating and lifted their price target for the stock from GBX 137 ($1.80) to GBX 171 ($2.25) in a research note on Tuesday, July 17th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 171 ($2.25) price target on shares of Stagecoach Group in a research note on Thursday, June 28th. Liberum Capital cut their price target on Stagecoach Group from GBX 185 ($2.43) to GBX 145 ($1.91) and set a “hold” rating for the company in a research note on Wednesday, June 6th. Deutsche Bank reaffirmed a “buy” rating on shares of Stagecoach Group in a research note on Friday, May 18th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Stagecoach Group in a research note on Friday, May 18th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 169.75 ($2.23).

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 four segments: UK Bus (Regional Operations), UK Bus (London), North America, and UK Rail. The company offers bus, coach, train, and tram services.

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Insider Buying and Selling by Quarter for Stagecoach Group (LON:SGC)

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