Go-Ahead Group (GOG) PT Raised to GBX 1,360 at J P Morgan Chase & Co

Go-Ahead Group (LON:GOG) had its target price upped by investment analysts at J P Morgan Chase & Co from GBX 1,355 ($18.15) to GBX 1,360 ($18.21) in a research note issued on Monday. The brokerage currently has an “underweight” rating on the stock. J P Morgan Chase & Co’s price objective would suggest a potential downside of 15.11% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Liberum Capital restated a “buy” rating and set a GBX 1,910 ($25.58) price objective on shares of Go-Ahead Group in a research note on Thursday, September 7th. Jefferies Group restated a “buy” rating and set a GBX 2,425 ($32.48) price objective on shares of Go-Ahead Group in a research note on Friday, September 8th. restated a “buy” rating and set a GBX 1,940 ($25.98) price objective on shares of Go-Ahead Group in a research note on Friday, November 3rd. Canaccord Genuity cut their price objective on shares of Go-Ahead Group from GBX 2,350 ($31.47) to GBX 2,080 ($27.86) and set a “buy” rating on the stock in a research note on Monday, September 11th. Finally, HSBC restated a “buy” rating and set a GBX 1,940 ($25.98) price objective on shares of Go-Ahead Group in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Go-Ahead Group presently has an average rating of “Buy” and a consensus target price of GBX 1,959.09 ($26.24).

Shares of Go-Ahead Group (LON:GOG) opened at GBX 1,602 ($21.45) on Monday. Go-Ahead Group has a one year low of GBX 1,442 ($19.31) and a one year high of GBX 2,344 ($31.39).

In related news, insider David Brown sold 5,444 shares of Go-Ahead Group stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of GBX 1,623 ($21.74), for a total value of £88,356.12 ($118,328.81). Also, insider Carolyn Ferguson sold 1,562 shares of Go-Ahead Group stock in a transaction dated Monday, November 27th. The stock was sold at an average price of GBX 1,580 ($21.16), for a total value of £24,679.60 ($33,051.56). Over the last ninety days, insiders have purchased 28 shares of company stock worth $46,313.

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About Go-Ahead Group

The Go-Ahead Group plc is a United Kingdom-based public passenger transport company for bus and rail services. The Group operates through three segments: regional bus, London bus and rail. The regional bus segment comprises commercial bus businesses outside of London. The London bus segment comprises tendered bus operations under control of Transport for London (TfL).

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

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