Go-Ahead Group plc (GOG) Lowered to Underweight at J P Morgan Chase & Co

Go-Ahead Group plc (LON:GOG) was downgraded by equities research analysts at J P Morgan Chase & Co to an “underweight” rating in a report released on Friday, September 8th, MarketBeat reports. They presently have a GBX 1,355 ($17.50) target price on the stock, down from their prior target price of GBX 1,882 ($24.31). J P Morgan Chase & Co’s price target points to a potential downside of 15.26% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Liberum Capital reiterated a “buy” rating and issued a GBX 1,975 ($25.51) price target on shares of Go-Ahead Group plc in a report on Thursday, July 13th. Investec reiterated a “buy” rating and issued a GBX 2,250 ($29.06) price target on shares of Go-Ahead Group plc in a report on Thursday, June 22nd. Barclays PLC reiterated an “equal weight” rating on shares of Go-Ahead Group plc in a report on Friday, June 23rd. Canaccord Genuity restated a “buy” rating and set a GBX 2,500 ($32.29) target price on shares of Go-Ahead Group plc in a report on Thursday, June 22nd. Finally, Royal Bank Of Canada reduced their target price on Go-Ahead Group plc from GBX 1,925 ($24.86) to GBX 1,900 ($24.54) and set a “sector performer” rating on the stock in a report on Friday, June 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Go-Ahead Group plc currently has an average rating of “Hold” and a consensus target price of GBX 2,020 ($26.09).

Go-Ahead Group plc (GOG) traded up 0.25% during trading on Friday, reaching GBX 1599.00. 162,826 shares of the company’s stock traded hands. The firm has a 50 day moving average of GBX 1,727.38 and a 200 day moving average of GBX 1,773.15. The firm’s market capitalization is GBX 686.21 million. Go-Ahead Group plc has a 1-year low of GBX 1,442.00 and a 1-year high of GBX 2,344.00.

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About Go-Ahead Group plc

The Go-Ahead Group plc is a public transport provider. The Company is a bus operator in the United Kingdom both in and outside London. The Company operates through three segments: regional bus, London bus and rail. The regional bus segment comprises bus operations outside London. The London bus segment comprises bus operations in London under control of Transport for London (TfL), and rail replacement and other contracted services in London.

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

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