Go-Ahead Group (LON:GOG) was upgraded by analysts at HSBC to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a GBX 1,970 ($25.74) price objective on the stock, up from their previous price objective of GBX 1,700 ($22.21). HSBC’s target price indicates a potential upside of 18.96% from the stock’s previous close.
Several other equities analysts have also weighed in on GOG. Liberum Capital restated a “hold” rating and issued a GBX 1,890 ($24.70) price objective on shares of Go-Ahead Group in a report on Thursday, September 6th. Canaccord Genuity restated a “buy” rating and issued a GBX 2,080 ($27.18) price objective on shares of Go-Ahead Group in a report on Friday, September 7th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Go-Ahead Group from GBX 1,421 ($18.57) to GBX 1,420 ($18.55) and set an “underweight” rating on the stock in a report on Friday, September 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Go-Ahead Group has a consensus rating of “Buy” and an average price target of GBX 1,930 ($25.22).
GOG stock opened at GBX 1,655 ($21.63) on Wednesday. Go-Ahead Group has a 52-week low of GBX 1,310 ($17.12) and a 52-week high of GBX 1,952 ($25.51).
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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