SGC Stagecoach Group PLC. TA looks good for a short to medium term breakout.
1 Year chart
FUNDIES.
Stagecoach Group PLC
FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Panmure Gordon
07-03-11 BUY 193.00 22.40 7.15 192.00 22.00 7.70
Shore Capital
04-03-11 BUY 200.20 23.00 7.20 199.20 23.00 7.80
Peel Hunt
03-03-11 BUY 195.77 22.37 6.50 191.20 21.61 6.50
Arbuthnot Securities
01-03-11 SBUY 198.05 22.30 7.20 196.28 21.90 7.90
Charles Stanley Securities
09-02-11 ADD 195.50 21.27 2.30 182.30 20.10 7.33
The Royal Bank of Scotland NV
25-01-11 HOLD 200.27 22.02 7.15 198.73 21.80 7.86
Charles Stanley
20-01-11 HOLD 185.00 21.00 7.20 200.00 22.00 8.00
Collins Stewart
24-12-09 HOLD
Nomura Research Institute [R]
01-07-09 BUY 173.00 19.30 6.60
2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 195.78 22.08 6.33 193.86 21.74 7.54
1 Month Change -0.31 -0.01 0.06 0.09 0.04 -0.02
3 Month Change 4.74 0.26 -0.73 -0.84 -0.25 -0.07
GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS -19.12% 19.33% -1.58%
DPS 82.91% -40.85% 19.13%
INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)
EBITDA 286.40m 302.92m 307.17m
EBIT 203.20m 194.74m 192.83m
Dividend Yield 5.05% 2.99% 3.56%
Dividend Cover 1.73x 3.49x 2.88x
PER 11.44x 9.59x 9.74x
PEG -0.60f 0.50f -6.16f
Net Asset Value PS -14.28p 22.82p 35.61p
OUTLOOK. 7/03/2011
Outlook
Overall current trading remains good and we believe the prospects for the Group remain positive.