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Stagecoach results priced in

Rail and bus operator Stagecoach is due to report results next week, having lost the Thameslink franchise to rival Go-Ahead.
June 17, 2014

Investors will want to see how bus and rail operator Stagecoach (SGC) plans to bounce back from the loss of the Thameslink rail franchise when it reveals results for the year to 30 April next week. At the end of May, the Department for Transport revealed Govia - a joint venture majority-owned by rival operator Go-Ahead (GOG) - will run the high-profile cross-London route for seven years from this September.

IC TIP: Hold at 368p

City analysts believe Stagecoach will report a robust set of numbers, with improving trends emerging in the company’s UK rail and bus operations. The impact of terrible weather in North America shouldn't throw the group's performance too far off track.