Nomura Reiterates Buy Rating for FirstGroup plc (FGP)
FirstGroup plc (LON:FGP)‘s stock had its “buy” rating reiterated by research analysts at Nomura in a report released on Friday, Analyst Ratings Network reports. They currently have a GBX 130 ($2.10) price objective on the stock. Nomura’s price target suggests a potential upside of 5.09% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities initiated coverage on shares of FirstGroup plc (LON:FGP) in a research note to investors on Friday. They set a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of FirstGroup plc (LON:FGP) from GBX 145 ($2.34) to GBX 150 ($2.42) in a research note to investors on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Panmure Gordon reiterated a “hold” rating on shares of FirstGroup plc (LON:FGP) in a research note to investors on Thursday. They now have a GBX 105 ($1.69) price target on the stock. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 150.19 ($2.42).
Shares of FirstGroup plc (LON:FGP) opened at 124.00 on Friday. FirstGroup plc has a 52 week low of GBX 90.30 and a 52 week high of GBX 189.945. The stock’s 50-day moving average is GBX 115.5 and its 200-day moving average is GBX 147.3. The company’s market cap is £597.4 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.