Royal Bank of Canada Raises FirstGroup (LON:FGP) Price Target to GBX 165

FirstGroup (LON:FGPGet Rating) had its target price boosted by Royal Bank of Canada from GBX 160 ($1.96) to GBX 165 ($2.02) in a report published on Monday morning, Marketbeat.com reports. They currently have an outperform rating on the transport operator’s stock.

A number of other equities analysts have also issued reports on FGP. Berenberg Bank assumed coverage on shares of FirstGroup in a research report on Wednesday, May 25th. They set a buy rating and a GBX 150 ($1.84) target price on the stock. Liberum Capital reiterated a buy rating and set a GBX 135 ($1.66) target price on shares of FirstGroup in a research report on Friday, May 27th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, FirstGroup currently has an average rating of Moderate Buy and an average price target of GBX 125.86 ($1.54).

Shares of FGP stock opened at GBX 131 ($1.61) on Monday. FirstGroup has a 1 year low of GBX 72.40 ($0.89) and a 1 year high of GBX 145.66 ($1.79). The firm’s 50 day moving average is GBX 123.60 and its 200-day moving average is GBX 111.34. The firm has a market capitalization of £982.68 million and a price-to-earnings ratio of 2.18. The company has a current ratio of 0.76, a quick ratio of 0.68 and a debt-to-equity ratio of 159.73.

The firm also recently disclosed a dividend, which will be paid on Friday, August 19th. Investors of record on Thursday, July 14th will be issued a GBX 1.10 ($0.01) dividend. The ex-dividend date is Thursday, July 14th. This represents a yield of 0.83%.

About FirstGroup (Get Rating)

FirstGroup plc provides passenger transport services the United Kingdom, the United States, and Canada. It operates through Greyhound, First Bus, and First Rail segments. The Greyhound segment provides scheduled intercity coach transportation services. The First Bus segment offers local bus services with a fleet of approximately 5,000 buses in the United Kingdom.

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Analyst Recommendations for FirstGroup (LON:FGP)

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