HSBC Increases FirstGroup plc Price Target to GBX 155 (FGP)
Research analysts at HSBC hoisted their price objective on shares of FirstGroup plc (LON:FGP) from GBX 115 ($1.90) to GBX 155 ($2.55) in a report released on Thursday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. HSBC’s target price would suggest a potential upside of 8.39% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of FirstGroup plc in a research note to investors on Friday, January 10th. They now have a GBX 135 ($2.22) price target on the stock. Separately, analysts at Investec upgraded shares of FirstGroup plc to a “buy” rating in a research note to investors on Thursday, January 9th. They now have a GBX 160 ($2.64) price target on the stock, up previously from GBX 127 ($2.09). Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of FirstGroup plc in a research note to investors on Wednesday, January 8th. They now have a GBX 125 ($2.06) price target on the stock. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 137.50 ($2.27).
Shares of FirstGroup plc (LON:FGP) traded up 1.42% on Thursday, hitting GBX 143.00. 2,868,655 shares of the company’s stock traded hands. FirstGroup plc has a 52-week low of GBX 90.30 and a 52-week high of GBX 189.945. The stock has a 50-day moving average of GBX 122.4 and a 200-day moving average of GBX 115.5. The company’s market cap is £1.721 billion.
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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