FirstGroup plc’s “Hold” Rating Reaffirmed at Jefferies Group (FGP)
FirstGroup plc (LON:FGP)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Friday, American Banking and Market News reports. They currently have a GBX 150 ($2.40) price objective on the stock. Jefferies Group’s price objective would suggest a potential upside of 25.63% from the company’s current price.
FirstGroup plc (LON:FGP) traded down 1.24% during mid-day trading on Friday, hitting GBX 119.40. The stock had a trading volume of 4,009,660 shares. FirstGroup plc has a 1-year low of GBX 90.30 and a 1-year high of GBX 213.469. The stock has a 50-day moving average of GBX 115.5 and a 200-day moving average of GBX 147.3. The company’s market cap is £575.3 million.
A number of other firms have also recently commented on FGP. Analysts at Citigroup Inc. raised their price target on shares of FirstGroup plc (LON:FGP) from GBX 105 ($1.68) to GBX 128 ($2.05) in a research note to investors on Wednesday, September 18th. They now have a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of FirstGroup plc (LON:FGP) from GBX 143 ($2.29) to GBX 137 ($2.19) in a research note to investors on Tuesday, September 17th. They now have an “overweight” rating on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of FirstGroup plc (LON:FGP) in a research note to investors on Monday, September 16th. Eleven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 152.11 ($2.44).
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.
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