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Home / Ranges / The Go-Ahead Group (GOG.L) 12-12-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

The Go-Ahead Group (GOG.L) 12-12-19

Will The Go-Ahead Group (GOG.L) shares break support, or will it continue within the current range and return to highs of 2194p? (+10%)

 

  • Currently trading near the 1969p support at 2036p (at time of writing). Has started to move up again.
  • The range has proven robust to date. Will the pattern repeat?
  • The price has traded within this range for some time. However, traders should be mindful of stop-loss placement.
  • Will the price continue in this range, bouncing once again to recent highs of 2194p? (+10%).
  • Technical traders should be mindful of news and developments. Check our website and the press for updates.
  • Shares -10% from 12-month highs; +37% from 12 month lows.

Latest News

05 Dec:  HSBC has upgraded its rating on Go-Ahead Group (The) (GOG) to buy (from hold).

03 Dec:  Canaccord Genuity has downgraded its rating on Go-Ahead Group (The) (GOG) to hold (from buy).

28 Nov:  Go-Ahead Group posted lower regional bus passenger volumes and revenue growth on the year. It has reduced expectations for its new bus operation in Manchester.

07 Nov:  Peel Hunt today initiates coverage of Go-Ahead Group (The) (GOG) with a buy rating and target price of 2450p.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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