The stock of Go-Ahead Group plc (LON:GOG) gapped up by GBX 3.95 today and has GBX 2304.49 target or 9.00% above today’s GBX 2114.21 share price. The 8 months technical chart setup indicates low risk for the GBX 911.43 million company. The gap was reported on Nov, 30 by Barchart.com. If the GBX 2304.49 price target is reached, the company will be worth GBX 82.03M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 0.97% or GBX 20.21 on November 30, hitting GBX 2114.21. About 165,853 shares traded hands or 75.24% up from the average. Go-Ahead Group plc (LON:GOG) has declined 20.65% since May 3, 2016 and is downtrending. It has underperformed by 25.88% the S&P500.
Go-Ahead Group plc (LON:GOG) Ratings Coverage
Out of 15 analysts covering Go-Ahead Group The PLC (LON:GOG), 11 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 73% are positive. Go-Ahead Group The PLC has been the topic of 87 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The stock of Go-Ahead Group plc (LON:GOG) earned “Hold” rating by Shore Capital on Monday, November 2. The firm has “Buy” rating by Panmure Gordon given on Tuesday, October 20. Nomura maintained Go-Ahead Group plc (LON:GOG) rating on Thursday, September 17. Nomura has “Buy” rating and GBX 2850 price target. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, October 21. Jefferies maintained Go-Ahead Group plc (LON:GOG) on Tuesday, November 1 with “Buy” rating. As per Wednesday, November 18, the company rating was maintained by Jefferies. Nomura maintained the stock with “Buy” rating in Monday, December 7 report. The stock of Go-Ahead Group plc (LON:GOG) has “Buy” rating given on Tuesday, October 20 by Investec. The stock has “Equal Weight” rating given by Barclays Capital on Monday, February 22. Liberum Capital maintained the stock with “Hold” rating in Monday, February 15 report.
Another recent and important Go-Ahead Group plc (LON:GOG) news was published by Uk.Finance.Yahoo.com which published an article titled: “PEG Ratio (5 yr expected):” on March 31, 2014.
The Go-Ahead Group plc is a public transport provider. The company has a market cap of 911.43 million GBP. The Firm is a bus operator in the United Kingdom both in and outside London. It has a 13.14 P/E ratio. The Firm operates through three divisions: regional bus, London bus and rail.
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