FirstGroup (LON:FGP) had its price target raised by Liberum Capital from GBX 130 ($1.70) to GBX 140 ($1.83) in a report published on Wednesday, Digital Look reports. They currently have a buy rating on the transport operator’s stock.
Other analysts also recently issued reports about the stock. Canaccord Genuity lifted their price target on shares of FirstGroup from GBX 91 ($1.19) to GBX 109 ($1.42) and gave the company a hold rating in a report on Tuesday, June 4th. Royal Bank of Canada reiterated an outperform rating on shares of FirstGroup in a report on Tuesday, June 25th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 119.25 ($1.56).
Shares of LON FGP opened at GBX 123.10 ($1.61) on Wednesday. The company has a debt-to-equity ratio of 108.25, a quick ratio of 0.87 and a current ratio of 1.01. The company has a market cap of $1.50 billion and a P/E ratio of -22.38. The firm’s fifty day moving average is GBX 109.28 and its two-hundred day moving average is GBX 102.20. FirstGroup has a 52-week low of GBX 77.95 ($1.02) and a 52-week high of GBX 125 ($1.63).
In other FirstGroup news, insider Ryan Mangold acquired 47,500 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of GBX 119 ($1.55) per share, with a total value of £56,525 ($73,859.92). Insiders acquired a total of 47,920 shares of company stock valued at $5,697,368 over the last three months.
FirstGroup Company Profile
FirstGroup plc provides passenger transport services. The company's First Student segment provides student transportation services through a fleet of approximately 44,000 yellow school buses in North America. This segment also offers charter hire services for school and non-school activities. Its First Transit segment offers public transit management and contracting services, including fixed route, paratransit, shuttle, and vehicle maintenance services to transit authorities, such as federal, state, and local transportation departments, as well as for private institutions, including universities, hospitals, and airports in North America.
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