FirstGroup plc Upgraded by Investec to Buy (FGP)
FirstGroup plc (LON:FGP) was upgraded by investment analysts at Investec to a “buy” rating in a note issued to investors on Thursday, StockRatingsNetwork.com reports. The firm currently has a GBX 160 ($2.62) target price on the stock, up from their previous target price of GBX 127 ($2.08). Investec’s price target would suggest a potential upside of 18.61% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of FirstGroup plc in a research note to investors on Wednesday. They now have a GBX 125 ($2.05) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of FirstGroup plc in a research note to investors on Tuesday, December 24th. They now have a GBX 128 ($2.10) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of FirstGroup plc from GBX 135 ($2.21) to GBX 140 ($2.30) in a research note to investors on Tuesday, December 17th. They now have a “buy” rating on the stock. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 134.64 ($2.21).
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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