Peel Hunt Reiterates “Buy” Rating for FirstGroup (LON:FGP)

FirstGroup (LON:FGP)‘s stock had its “buy” rating restated by equities researchers at Peel Hunt in a report released on Tuesday,London Stock Exchange reports. They currently have a GBX 245 price objective on the transport operator’s stock. Peel Hunt’s price target would indicate a potential upside of 34.76% from the company’s previous close.

Separately, Panmure Gordon restated a “buy” rating and issued a GBX 250 price objective on shares of FirstGroup in a research note on Tuesday. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 245.

FirstGroup Stock Down 9.3%

Shares of FGP traded down GBX 18.60 during trading hours on Tuesday, hitting GBX 181.80. 66,513,750 shares of the company were exchanged, compared to its average volume of 2,805,002. The company has a market cap of £987.41 million, a PE ratio of 8.87, a PEG ratio of 5.21 and a beta of 1.59. The firm’s 50 day moving average is GBX 212.81 and its 200-day moving average is GBX 213.13. FirstGroup has a 52 week low of GBX 136.61 and a 52 week high of GBX 240.40. 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 (LON:FGP) last issued its quarterly earnings data on Tuesday, November 18th. The transport operator reported GBX 9.90 earnings per share for the quarter. FirstGroup had a negative return on equity of 2.54% and a negative net margin of 0.34%. On average, equities research analysts forecast that FirstGroup will post 17.3782772 EPS for the current fiscal year.

FirstGroup Company Profile

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.