Previous Close | 252.60 |
Open | 255.00 |
Bid | 255.40 x 0 |
Ask | 255.20 x 0 |
Day's Range | 251.40 - 258.00 |
52 Week Range | 183.70 - 316.60 |
Volume | |
Avg. Volume | 1,984,628 |
Market Cap | 1.571B |
Beta (5Y Monthly) | 1.56 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -45.00 |
Earnings Date | Apr 22, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Apr 23, 2020 |
1y Target Est | 325.88 |
For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any...
Stagecoach's ratings were previously on review for upgrade. The outlook remains unchanged at ratings under review.This rating action follows Stagecoach's announcement on 9 March 2022 that its Board has recommended that its shareholders accept an all-cash offer for the company from Inframobility UK Bidco Limited ("PEIF III Bidco"), a company indirectly wholly owned by Pan-European Infrastructure III, SCSp ("PEIF III"), an infrastructure fund managed and advised by DWS Infrastructure (DWS). This offer values Stagecoach at 105 pence per share or approximately ÂŁ595 million and reflects a premium over the previous merger proposal from National Express Group PLC (Baa2 negative) announced on 14 December 2021.RATING RATIONALE/FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGSToday's rating action reflects the high likelihood that the merger between Stagecoach and National Express will not proceed as previously anticipated.