FirstGroup (LON:FGP) Price Target Raised to GBX 250

FirstGroup (LON:FGP) had its price target upped by equities researchers at Royal Bank Of Canada from GBX 245 to GBX 250 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm presently has an “outperform” rating on the transport operator’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 32.07% from the company’s current price.

A number of other equities analysts have also recently commented on FGP. Peel Hunt restated a “buy” rating and set a GBX 245 target price on shares of FirstGroup in a report on Tuesday, November 18th. Panmure Gordon reiterated a “buy” rating and set a GBX 250 price target on shares of FirstGroup in a research note on Tuesday, November 18th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 246.25.

FirstGroup Stock Down 0.2%

FirstGroup stock opened at GBX 189.30 on Wednesday. The company has a market capitalization of £1.03 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The company has a debt-to-equity ratio of 257.49, a quick ratio of 0.74 and a current ratio of 0.69. FirstGroup has a fifty-two week low of GBX 136.61 and a fifty-two week high of GBX 240.40. The firm has a 50 day moving average price of GBX 196.66 and a 200 day moving average price of GBX 212.17.

FirstGroup (LON:FGP) last released its quarterly earnings results on Tuesday, November 18th. The transport operator reported GBX 9.90 EPS for the quarter. FirstGroup had a negative return on equity of 2.54% and a negative net margin of 0.34%. Research analysts expect that FirstGroup will post 17.3782772 earnings per share for the current year.

Insider Buying and Selling at FirstGroup

In related news, insider Lena Wilson CBE bought 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was purchased at an average cost of GBX 178 per share, for a total transaction of £19,580. Also, insider Graham Sutherland bought 50,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were bought at an average cost of GBX 179 per share, with a total value of £89,500. Over the last quarter, insiders bought 61,142 shares of company stock worth $10,938,084. Insiders own 1.03% of the company’s stock.

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.