Canaccord Genuity Lowers Go-Ahead Group (LON:GOG) to Hold

Canaccord Genuity downgraded shares of Go-Ahead Group (LON:GOG) to a hold rating in a research note issued to investors on Tuesday, Stock Target Advisor reports.

Several other equities research analysts have also commented on the stock. Liberum Capital reaffirmed a hold rating on shares of Go-Ahead Group in a research report on Thursday, November 28th. Peel Hunt reissued a buy rating on shares of Go-Ahead Group in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Go-Ahead Group currently has a consensus rating of Hold and a consensus target price of GBX 2,056.86 ($26.88).

Shares of LON:GOG opened at GBX 2,054 ($26.84) on Tuesday. The stock’s 50-day simple moving average is GBX 2,131.58 and its two-hundred day simple moving average is GBX 2,049.44. The stock has a market capitalization of $890.28 million and a price-to-earnings ratio of 15.05. Go-Ahead Group has a 52-week low of GBX 1,480 ($19.34) and a 52-week high of GBX 2,308.91 ($30.17). The company has a debt-to-equity ratio of 119.70, a quick ratio of 1.06 and a current ratio of 1.11.

In related news, insider Carolyn Ferguson sold 1,277 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of GBX 2,057 ($26.88), for a total value of £26,267.89 ($34,323.65).

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.

See Also: Price to Earnings Ratio (PE) Basics

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

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