Stagecoach Group (OTCMKTS:SAGKF) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Stagecoach Group (OTCMKTS:SAGKF) from a hold rating to a sell rating in a report issued on Saturday morning, reports.

According to Zacks, “Stagecoach Group plc provides passenger transport. It offers bus, coach, train and tram services. The company operates primarily in UK, Europe and North America. Stagecoach Group plc is headquartered in Perth, the United Kingdom. “

A number of other equities research analysts have also recently commented on SAGKF. Peel Hunt initiated coverage on Stagecoach Group in a report on Monday, May 18th. They set a hold rating on the stock. ValuEngine cut Stagecoach Group from a sell rating to a strong sell rating in a report on Friday, May 15th. HSBC raised Stagecoach Group from a reduce rating to a hold rating in a report on Thursday, May 28th. Finally, Jefferies Financial Group raised Stagecoach Group from an underperform rating to a buy rating in a report on Tuesday, April 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Stagecoach Group currently has an average rating of Hold and a consensus target price of $1.25.

OTCMKTS:SAGKF opened at $1.00 on Friday. The business’s 50-day simple moving average is $1.01 and its two-hundred day simple moving average is $1.45. The stock has a market cap of $573.34 million, a PE ratio of 4.17 and a beta of 0.91. Stagecoach Group has a 52 week low of $0.75 and a 52 week high of $2.00.

About Stagecoach Group

Stagecoach Group plc, together with its subsidiaries, provides public transportation services in the United Kingdom, mainland Europe, the United States, and Canada. It operates through five segments: UK Bus (Regional Operations), megabus Europe, UK Bus (London), North America, and UK Rail. The company offers bus, coach, train, and tram services.

Further Reading: The limitations of an equal weight rating

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