Berenberg Bank Issues Positive Forecast for FirstGroup (LON:FGP) Stock Price

FirstGroup (LON:FGP) had its price objective boosted by Berenberg Bank from GBX 240 to GBX 255 in a research note issued on Monday,London Stock Exchange reports. The firm currently has a “buy” rating on the transport operator’s stock. Berenberg Bank’s price target suggests a potential upside of 43.26% from the company’s previous close.

Separately, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 255 price objective on shares of FirstGroup in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, FirstGroup has an average rating of “Buy” and an average target price of GBX 251.25.

FirstGroup Trading Up 1.3%

LON FGP opened at GBX 178 on Monday. The firm’s fifty day moving average is GBX 175.51 and its two-hundred day moving average is GBX 178.16. FirstGroup has a one year low of GBX 152.10 and a one year high of GBX 240.40. The company has a debt-to-equity ratio of 163.00, a quick ratio of 0.74 and a current ratio of 0.73. The firm has a market cap of £961.68 million, a PE ratio of 8.64, a P/E/G ratio of 5.21 and a beta of 0.71.

FirstGroup (LON:FGP) last released its quarterly earnings results on Thursday, June 18th. The transport operator reported GBX 20.30 earnings per share (EPS) for the quarter. FirstGroup had a return on equity of 17.75% and a net margin of 2.49%.The firm had revenue of GBX 475.19 billion for the quarter. Analysts expect that FirstGroup will post 17.3782772 earnings per share for the current year.

About FirstGroup

FirstGroup plc provides public transport services in the United Kingdom. The company operates through First Bus and First Rail segments. The First Bus segment offers local bus services with a fleet of approximately 4,900 buses in the United Kingdom. The First Rail segment operates a passenger rail network that provides long-distance, commuter, regional, and sleeper services through a portfolio of Great Western Railway, South Western Railway, TransPennine Express, and Avanti West Coast franchises; and hull trains and Lumos.