Stagecoach Group News

's stock had its "buy" rating restated by analysts at Espirito Santo Investment Bank Research in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports.

In a first for the rail industry, the train operator, which is part of Stagecoach Group, has announced that it will be offering a 15% discount on rail fares across the affected routes for the duration of the work as well as increasing the number of cheaper tickets available.

In a trading update issued to the London Stock Exchange yesterday, Stagecoach Group, which also owns South West Trains, said that revenues for the 48 weeks to March 31 were 5.4% up on the same period 12 months ago.

STAGECOACH has signalled it is on track to meet analysts' profits forecasts when it delivers its full-year results on June 26.

's stock had its "buy" rating reaffirmed by Panmure Gordon in a research note issued on Friday, ARN reports.