Advertisement
UK markets closed
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • CRUDE OIL

    82.60
    -0.76 (-0.91%)
     
  • GOLD FUTURES

    2,343.50
    +1.40 (+0.06%)
     
  • DOW

    38,458.49
    -45.20 (-0.12%)
     
  • Bitcoin GBP

    52,148.06
    -1,412.04 (-2.64%)
     
  • CMC Crypto 200

    1,402.52
    -21.58 (-1.52%)
     
  • NASDAQ Composite

    15,724.04
    +27.40 (+0.17%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

BUZZ-Stagecoach: Bottom Midcap performer on JPM rating cut

** Transportation co Stagecoach top loser on the FTSE Midcap Index after JPMorgan cuts rating to "underweight" from "neutral", TP to 180p from 256p

** After week's EU referendum, JPM updates UK transport sector forecasts for a weaker stg and lower expected GDP growth

** The analysts say weaker GDP growth negative for UK Regional bus and rail ops, pointing to risks for Stagecoach's east coast franchise

** 5 of 14 brokerages that cover the stock have a buy or higher rating, 5 hold and 4 sell or strong sell ratings, according to Thomson Reuters Eikon data; median TP of 280p

** Stock has fallen about 26 pct ytd compared with a 13 pct fall in the FTSE 350 Travel & Leisure Index

** Stock down 5.4 pct, bottom performer on the FTSE All Share Travel & Leisure Index (Reuters Messaging: pranav.kiran@thomsonreuters.com@reuters.net)