JPMorgan Chase & Co. Reiterates “Underweight” Rating for Go-Ahead Group (GOG)

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JPMorgan Chase & Co. reissued their underweight rating on shares of Go-Ahead Group (LON:GOG) in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports.

Several other brokerages also recently weighed in on GOG. Liberum Capital raised their price target on Go-Ahead Group from GBX 1,850 ($24.17) to GBX 1,930 ($25.22) and gave the company a hold rating in a report on Monday, February 25th. Jefferies Financial Group boosted their target price on Go-Ahead Group from GBX 2,200 ($28.75) to GBX 2,260 ($29.53) and gave the company a buy rating in a research report on Wednesday, March 6th. Royal Bank of Canada boosted their target price on Go-Ahead Group from GBX 1,825 ($23.85) to GBX 1,950 ($25.48) and gave the company a sector performer rating in a research report on Monday, February 25th. Canaccord Genuity reissued a buy rating and set a GBX 2,080 ($27.18) target price on shares of Go-Ahead Group in a research report on Thursday, February 21st. Finally, HSBC downgraded Go-Ahead Group to a hold rating and boosted their target price for the company from GBX 1,970 ($25.74) to GBX 2,010 ($26.26) in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 1,963 ($25.65).

Shares of LON:GOG traded up GBX 7 ($0.09) on Wednesday, hitting GBX 1,868 ($24.41). 19,460 shares of the company traded hands, compared to its average volume of 150,478. Go-Ahead Group has a 52 week low of GBX 1,376 ($17.98) and a 52 week high of GBX 2,112 ($27.60). The company has a debt-to-equity ratio of 139.93, a current ratio of 1.08 and a quick ratio of 1.06. The company has a market capitalization of $801.82 million and a PE ratio of 12.29.

In other news, insider David Brown sold 5,380 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of GBX 2,000 ($26.13), for a total transaction of £107,600 ($140,598.46).

Go-Ahead Group Company Profile

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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