Firstgroup plc (FGP) Raised to Hold at Deutsche Bank AG
Firstgroup plc (LON:FGP) was upgraded by research analysts at Deutsche Bank AG to a “hold” rating in a research note issued on Thursday, November 16th, MarketBeat Ratings reports. The firm presently has a GBX 100 ($1.32) target price on the transport operator’s stock, up from their prior target price of GBX 94 ($1.24). Deutsche Bank AG’s price target suggests a potential downside of 4.49% from the stock’s current price.
A number of other brokerages have also weighed in on FGP. Liberum Capital reaffirmed a “buy” rating and set a GBX 165 ($2.17) target price on shares of Firstgroup plc in a research note on Wednesday, July 19th. reaffirmed a “hold” rating and set a GBX 160 ($2.10) target price on shares of Firstgroup plc in a research note on Friday, November 3rd. Shore Capital reaffirmed a “buy” rating on shares of Firstgroup plc in a research note on Tuesday, November 14th. reaffirmed a “hold” rating and set a GBX 160 ($2.10) target price on shares of Firstgroup plc in a research note on Friday, November 3rd. Finally, HSBC Holdings PLC reaffirmed a “hold” rating and set a GBX 160 ($2.10) target price on shares of Firstgroup plc in a research note on Friday, November 3rd. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 142.17 ($1.87).
Shares of Firstgroup plc (FGP) traded down GBX 0.70 ($0.01) during trading on Thursday, reaching GBX 104.70 ($1.38). 575,131 shares of the company’s stock were exchanged, compared to its average volume of 2,050,000. Firstgroup plc has a 1-year low of GBX 97.45 ($1.28) and a 1-year high of GBX 154.50 ($2.03).
Firstgroup plc (LON:FGP) last announced its quarterly earnings results on Tuesday, November 14th. The transport operator reported GBX 1.90 ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 1.50 ($0.02) by GBX 0.40 ($0.01). The business had revenue of GBX 277.13 billion for the quarter. Firstgroup plc had a net margin of 0.04% and a return on equity of 0.21%.
COPYRIGHT VIOLATION WARNING: “Firstgroup plc (FGP) Raised to Hold at Deutsche Bank AG” was posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/firstgroup-plc-fgp-raised-to-hold-at-deutsche-bank-ag/1713943.html.
In other Firstgroup plc news, insider Tim O’Toole purchased 7,126 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average cost of GBX 117 ($1.54) per share, with a total value of £8,337.42 ($10,965.96). Over the last three months, insiders have purchased 22,104 shares of company stock valued at $2,500,963.
About Firstgroup plc
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.
Receive News & Ratings for Firstgroup plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Firstgroup plc and related companies with Analyst Ratings Network's FREE daily email newsletter.