Shares of FirstGroup plc (LON:FGP) have received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 112.50 ($1.47).
Several research analysts have weighed in on FGP shares. Liberum Capital restated a “buy” rating and set a GBX 110 ($1.43) price objective (down previously from GBX 125 ($1.63)) on shares of FirstGroup in a report on Thursday, May 31st. Canaccord Genuity reiterated a “hold” rating and issued a GBX 89 ($1.16) target price on shares of FirstGroup in a report on Tuesday, June 5th. Deutsche Bank lowered their target price on shares of FirstGroup from GBX 90 ($1.17) to GBX 83 ($1.08) and set a “hold” rating for the company in a report on Friday, June 1st. Deutsche Bank lowered their target price on shares of FirstGroup from GBX 90 ($1.17) to GBX 83 ($1.08) and set a “hold” rating for the company in a report on Friday, June 1st. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 100 ($1.30) target price (down previously from GBX 111 ($1.45)) on shares of FirstGroup in a report on Thursday, August 23rd.
FGP traded down GBX 0.40 ($0.01) during trading on Monday, hitting GBX 92.50 ($1.20). 544,790 shares of the company’s stock were exchanged, compared to its average volume of 3,850,000. FirstGroup has a fifty-two week low of GBX 77.60 ($1.01) and a fifty-two week high of GBX 154.50 ($2.01).
In other news, insider Wolfhart Hauser bought 11,089 shares of the stock in a transaction dated Wednesday, July 25th. The stock was bought at an average price of GBX 89 ($1.16) per share, for a total transaction of £9,869.21 ($12,855.56). In the last quarter, insiders bought 32,393 shares of company stock valued at $2,988,079.
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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