FirstGroup plc Price Target Cut to GBX 130 by Analysts at Jefferies Group (FGP)
Research analysts at Jefferies Group lowered their price objective on shares of FirstGroup plc (LON:FGP) from GBX 150 ($2.41) to GBX 130 ($2.09) in a report released on Monday, American Banking News.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 4.25% from the company’s current price.
FirstGroup plc (LON:FGP) opened at 122.80 on Monday. 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 £591.6 million.
Several other analysts have also recently commented on the stock. Analysts at HSBC reiterated a “neutral” rating on shares of FirstGroup plc in a research note to investors on Friday. They now have a GBX 115 ($1.85) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of FirstGroup plc in a research note to investors on Friday. They now have a GBX 130 ($2.09) price target on the stock. Finally, analysts at Beaufort Securities initiated coverage on shares of FirstGroup plc in a research note to investors on Friday. They set a “buy” rating on the stock. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. FirstGroup plc presently has a consensus rating of “Hold” and an average price target of GBX 149.03 ($2.39).
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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