Stagecoach Group (SGC)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

104.60p
   
  • Change Today:
      0.20p
  • 52 Week High: 106.20
  • 52 Week Low: 65.55
  • Currency: UK Pounds
  • Shares Issued: 551.52m
  • Volume: 363,339
  • Market Cap: £576.89m
  • RiskGrade: 327

National Express buys Stagecoach for £468m

By Sean Farrell

Date: Tuesday 14 Dec 2021

LONDON (ShareCast) - (Sharecast News) - National Express has agreed to buy Stagecoach in a deal the combines two of Britain's biggest public transport operators in the wake of the pandemic.
Stagecoach shareholders will receive 0.36 new National Express shares for each Stagecoach share in a deal valuing Stagecoach at about £468m.

The companies have been in talks since September and had until 17:00 on Tuesday to announce a deal. The takeover brings together Britain's biggest coach operator in National Express with Stagecoach, which runs more than a quarter of the country's buses.

Ignacio Garat, National Express's chief executive, said: "The proposed combination of National Express and Stagecoach, and the unique strengths of both companies and their teams, will create a leading multi-modal passenger transport business in the UK, aiming to deliver superb services to customers and forging the way to a carbon free future with a new generation of zero-emission buses and coaches."

Stagecoach shares rose 8.9% to 81.70p at 12:00 GMT. The shares have halved since early January 2020 when Covid-19 began to spread from China to Europe. UK travel operators have been battered by Covid-19 restrictions and a partial shift to working from home.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SGC Market Data

Currency UK Pounds
Share Price 104.60p
Change Today 0.20p
% Change 0.19 %
52 Week High 106.20
52 Week Low 65.55
Volume 363,339
Shares Issued 551.52m
Market Cap £576.89m
RiskGrade 327

SGC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.03% below the market average84.03% below the market average84.03% below the market average84.03% below the market average84.03% below the market average
75.86% below the sector average75.86% below the sector average75.86% below the sector average75.86% below the sector average75.86% below the sector average
Price Trend
89.68% above the market average89.68% above the market average89.68% above the market average89.68% above the market average89.68% above the market average
94.03% above the sector average94.03% above the sector average94.03% above the sector average94.03% above the sector average94.03% above the sector average
Income
35.29% below the market average35.29% below the market average35.29% below the market average35.29% below the market average35.29% below the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average
Growth
98.57% below the market average98.57% below the market average98.57% below the market average98.57% below the market average98.57% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SGC Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Jan-20 22-Aug-19
Paid 04-Mar-20 02-Oct-19
Amount 3.80p 3.90p

Trades for 20-May-2022

Time Volume / Share Price
17:19 885 @ 104.56p
16:35 63,646 @ 104.60p
16:29 97 @ 104.70p
16:29 99 @ 104.70p
16:29 106 @ 104.70p

SGC Key Personnel

CEO Martin Andrew Griffiths
Finance Director Ross Paterson
Chair Ray O'Toole

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