Go-Ahead Group plc (LON:GOG) Receives Consensus Recommendation of “Hold” from Brokerages

Go-Ahead Group plc (LON:GOG) has been assigned an average rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 2,117.50 ($27.67).

Several equities research analysts have recently issued reports on GOG shares. HSBC raised their price objective on Go-Ahead Group from GBX 2,010 ($26.26) to GBX 2,100 ($27.44) and gave the stock a “hold” rating in a report on Tuesday, July 30th. Jefferies Financial Group raised their price objective on Go-Ahead Group from GBX 2,260 ($29.53) to GBX 2,290 ($29.92) and gave the stock a “buy” rating in a report on Thursday, June 6th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Go-Ahead Group in a report on Wednesday, May 15th. Royal Bank of Canada raised their price objective on Go-Ahead Group from GBX 1,950 ($25.48) to GBX 2,000 ($26.13) and gave the stock a “sector performer” rating in a report on Friday, June 7th. Finally, Liberum Capital restated a “hold” rating on shares of Go-Ahead Group in a report on Wednesday.

Shares of GOG stock traded down GBX 36 ($0.47) during mid-day trading on Tuesday, hitting GBX 2,056 ($26.87). 36,790 shares of the company’s stock were exchanged, compared to its average volume of 150,478. Go-Ahead Group has a fifty-two week low of GBX 1,480 ($19.34) and a fifty-two week high of GBX 2,226 ($29.09). The company has a 50-day simple moving average of GBX 2,092.12. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 139.93. The stock has a market capitalization of $887.31 million and a PE ratio of 13.53.

In other news, insider Carolyn Ferguson bought 94 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were acquired at an average cost of GBX 1,911 ($24.97) per share, with a total value of £1,796.34 ($2,347.24). Insiders purchased a total of 109 shares of company stock worth $210,001 over the last ninety days.

About Go-Ahead Group

The Go-Ahead Group plc provides bus and rail passenger transportation services in the United Kingdom and Singapore. It operates through three segments: Regional Bus, London Bus, and Rail. The company also offers rail replacement and other contracted services. It serves the department for transport, and transport for London.

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Analyst Recommendations for Go-Ahead Group (LON:GOG)

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