FirstGroup (LON:FGP) Rating Reiterated by Liberum Capital
FirstGroup (LON:FGP)‘s stock had its “buy” rating restated by research analysts at Liberum Capital in a research note issued on Friday, September 7th. They currently have a GBX 110 ($1.43) price target on the transport operator’s stock. Liberum Capital’s price objective would indicate a potential upside of 14.52% from the stock’s previous close.
Several other brokerages have also issued reports on FGP. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 89 ($1.16) price objective on shares of FirstGroup in a report on Tuesday, June 5th. Jefferies Financial Group reissued a “hold” rating on shares of FirstGroup in a report on Tuesday, May 29th. Deutsche Bank reduced their price target on shares of FirstGroup from GBX 90 ($1.17) to GBX 83 ($1.08) and set a “hold” rating for the company in a research report on Friday, June 1st. Royal Bank of Canada reiterated a “sector performer” rating on shares of FirstGroup in a research report on Friday, June 8th. Finally, Citigroup cut their price objective on FirstGroup from GBX 128 ($1.67) to GBX 87 ($1.13) and set a “neutral” rating for the company in a research report on Thursday, June 28th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 111.67 ($1.45).
LON:FGP traded up GBX 0.05 ($0.00) during trading hours on Friday, hitting GBX 96.05 ($1.25). The company’s stock had a trading volume of 1,435,463 shares, compared to its average volume of 3,850,000. FirstGroup has a 52-week low of GBX 77.60 ($1.01) and a 52-week high of GBX 154.50 ($2.01).
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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