FirstGroup plc (FGP) Coverage Initiated by Analysts at Deutsche Bank AG
Deutsche Bank AG began coverage on shares of FirstGroup plc (LON:FGP) in a research report sent to investors on Wednesday morning. The firm issued a sell rating and a GBX 94 ($1.23) target price on the transport operator’s stock.
FGP has been the topic of several other research reports. JPMorgan Chase & Co. dropped their target price on shares of FirstGroup plc from GBX 145 ($1.89) to GBX 140 ($1.83) and set an overweight rating on the stock in a research report on Monday, July 18th. Liberum Capital reissued a buy rating and set a GBX 140 ($1.83) target price on shares of FirstGroup plc in a research report on Thursday, June 16th. Goldman Sachs Group Inc. lifted their target price on shares of FirstGroup plc from GBX 160 ($2.09) to GBX 163 ($2.13) and gave the stock a conviction-buy rating in a research report on Wednesday, June 22nd. HSBC lifted their target price on shares of FirstGroup plc from GBX 95 ($1.24) to GBX 100 ($1.31) and gave the stock a hold rating in a research report on Wednesday, June 15th. Finally, Shore Capital reissued a buy rating on shares of FirstGroup plc in a research report on Tuesday, June 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 117.07 ($1.53).
Shares of FirstGroup plc (LON:FGP) opened at 106.40 on Wednesday. The firm’s 50-day moving average price is GBX 106.99 and its 200 day moving average price is GBX 101.49. The company’s market capitalization is GBX 1.28 billion. FirstGroup plc has a 1-year low of GBX 79.55 and a 1-year high of GBX 116.10.
In other FirstGroup plc news, insider O’Toole,Tim purchased 7,988 shares of the stock in a transaction on Monday, July 25th. The stock was acquired at an average cost of GBX 99 ($1.29) per share, with a total value of £7,908.12 ($10,322.57). Also, insider Gregory,Matthew sold 232,360 shares of the business’s stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of GBX 100 ($1.31), for a total transaction of £232,360 ($303,302.44).
FirstGroup plc Company Profile
FirstGroup plc is a United Kingdom-based transport operator in United Kingdom and North America. The Company operates through five segments: First Student, First Transit, Greyhound, UK Bus and UK Rail. The First Student is the provider of student transportation in North America. The First Transit is the private sector providers of public transit management and contracting in North America.
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