FirstGroup plc (FGP) Given Average Recommendation of “Hold” by Analysts
Shares of FirstGroup plc (LON:FGP) have been given a consensus recommendation of “Hold” by the twelve analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 147.70 ($1.92).
A number of research analysts have recently commented on FGP shares. J P Morgan Chase & Co upped their price objective on shares of FirstGroup plc from GBX 151 ($1.97) to GBX 160 ($2.08) and gave the company an “overweight” rating in a research note on Wednesday, May 10th. HSBC Holdings plc upped their price objective on shares of FirstGroup plc from GBX 130 ($1.69) to GBX 145 ($1.89) and gave the company a “hold” rating in a research note on Friday, April 28th. Liberum Capital upped their price objective on shares of FirstGroup plc from GBX 150 ($1.95) to GBX 165 ($2.15) and gave the company a “buy” rating in a research note on Wednesday, June 7th. Jefferies Group LLC upped their price objective on shares of FirstGroup plc from GBX 120 ($1.56) to GBX 150 ($1.95) and gave the company a “hold” rating in a research note on Tuesday, May 30th. Finally, Investec reaffirmed a “buy” rating and set a GBX 157 ($2.04) price objective on shares of FirstGroup plc in a research note on Friday, June 2nd.
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Shares of FirstGroup plc (LON:FGP) opened at 112.70 on Friday. The firm’s market capitalization is GBX 1.36 billion. FirstGroup plc has a 52-week low of GBX 99.18 and a 52-week high of GBX 154.50. The company’s 50-day moving average is GBX 119.38 and its 200 day moving average is GBX 126.96.
In related news, insider Martha Poulter purchased 60,000 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was purchased at an average price of GBX 117 ($1.52) per share, for a total transaction of £70,200 ($91,418.15). Also, insider Tim O’Toole purchased 7,221 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was bought at an average price of GBX 115 ($1.50) per share, with a total value of £8,304.15 ($10,814.10). In the last 90 days, insiders acquired 73,698 shares of company stock valued at $8,679,471 and sold 104,889 shares valued at $14,794,525.
FirstGroup plc Company Profile
FirstGroup plc is a transport operator in the United Kingdom and North America. The Company operates through five segments: First Student, First Transit, Greyhound, First Bus and First Rail. The First Student is a provider of student transportation in North America and operates a fleet of over 47,000 school buses, with over six million student journeys per school day.
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