Go-Ahead Group (GOG) Lowered to Hold at Liberum Capital
Go-Ahead Group (LON:GOG) was downgraded by Liberum Capital to a “hold” rating in a note issued to investors on Wednesday. They presently have a GBX 1,890 ($25.36) price target on the stock, up from their previous price target of GBX 1,810 ($24.29). Liberum Capital’s price target suggests a potential upside of 12.43% from the stock’s previous close.
GOG has been the subject of several other reports. Shore Capital reiterated a “buy” rating on shares of Go-Ahead Group in a research note on Thursday, February 22nd. Citigroup boosted their price objective on shares of Go-Ahead Group from GBX 1,745 ($23.41) to GBX 2,360 ($31.67) and gave the stock a “buy” rating in a research note on Friday, April 27th. HSBC boosted their price objective on shares of Go-Ahead Group from GBX 1,940 ($26.03) to GBX 2,030 ($27.24) and gave the stock a “buy” rating in a research note on Monday, March 19th. Canaccord Genuity restated a “buy” rating and issued a GBX 2,080 ($27.91) target price on shares of Go-Ahead Group in a research note on Thursday, February 22nd. Finally, Deutsche Bank downgraded shares of Go-Ahead Group to a “hold” rating and decreased their target price for the company from GBX 2,340 ($31.40) to GBX 1,840 ($24.69) in a research note on Thursday, May 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 1,969.09 ($26.42).
GOG opened at GBX 1,681 ($22.55) on Wednesday. Go-Ahead Group has a 52-week low of GBX 1,310 ($17.58) and a 52-week high of GBX 1,952 ($26.19).
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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