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BUZZ-Go-Ahead: speeding ahead

Fri, 23rd May 2014 08:32

Go-Ahead top performer and most active stock by faramong UK midcaps trading 2.5 times its average dailyvolume in under an hour since the open.

** Unit awarded contract to run what will become the UK'sbusiest rail networks.

** Stock already enjoying a pick-up in investor interestwith strong volumes over past week and three consecutive up daysin the run to the contract announcement.

** 5 of 14 analysts tracking the company had upped EPSforecasts by 3.2% on average since May 1, according to StarMine.

** Contract win likely to speed up upgrades while Jefferiesanalyst eyes a dividend payout to come through.

** Meanwhile, FirstGroup, which lost the contract,slips though on relatively lighter volumes.

(RM: vikram.subhedar.thomsonreuters.com@reuters.net)

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