The company is trading at £22.22. The stock is up 5.7% since Go-Ahead revealed a 30% jump in first-half profits in February. The bus and rail operator stated that its rail business produced a 56% increase in first-half profits to £10.5 million, but the division is not likely to yield any profits for the second-half.
The company currently runs London midland rail, Southern and South-eastern rail franchises. It is also in the process of acquiring the Crossrail contract.
The Newcastle-based company issued a positive trading report in June; the firm reiterated its commitment to achieving an operating profit target of £100 million by 2015-2016.
Equity analysts are bullish on the stock; out of the 15 recommendations, 11 are buys while the remaining four are holds.
The stock is receiving support at £21. A good set of results could drive it back to the recent high of £24.09.