Citigroup Inc. Increases FirstGroup plc Price Target to GBX 128 (FGP)
Research analysts at Citigroup Inc. lifted their target price on shares of FirstGroup plc (LON:FGP) from GBX 105 ($1.67) to GBX 128 ($2.03) in a report released on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price objective points to a potential upside of 6.31% from the company’s current price.
A number of other firms have also recently commented on FGP. Analysts at JPMorgan Chase & Co. cut their price target on shares of FirstGroup plc (LON:FGP) from GBX 143 ($2.27) to GBX 137 ($2.18) in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of FirstGroup plc (LON:FGP) in a research note to investors on Monday. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of FirstGroup plc (LON:FGP) in a research note to investors on Friday, August 30th. They now have a GBX 104 ($1.65) price target on the stock.
Eleven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. FirstGroup plc has a consensus rating of “Hold” and a consensus target price of GBX 149.98 ($2.38).
FirstGroup plc (LON:FGP) traded down 0.99% during mid-day trading on Wednesday, hitting GBX 120.40. 2,790,822 shares of the company’s stock traded hands. FirstGroup plc has a one year low of GBX 90.30 and a one year high of GBX 255.20. The stock’s 50-day moving average is GBX 113.8 and its 200-day moving average is GBX 148.2. The company’s market cap is £580.1 million.
FirstGroup plc is a transport operator in the United Kingdom and North America. The Company has five operating divisions: First Student, First Transit, UK Bus, UK Rail and Greyhound.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.