HSBC Reiterates Neutral Rating for FirstGroup plc (FGP)
FirstGroup plc (LON:FGP)‘s stock had its “neutral” rating reiterated by equities researchers at HSBC in a research report issued on Monday, AnalystRatingsNetwork reports. They currently have a GBX 150 ($2.47) price objective on the stock. HSBC’s price target would indicate a potential upside of 14.50% from the stock’s previous close.
FirstGroup plc (LON:FGP) traded down 0.83% during mid-day trading on Monday, hitting GBX 131.00. 2,320,543 shares of the company’s stock traded hands. FirstGroup plc has a 1-year low of GBX 90.30 and a 1-year high of GBX 189.945. The stock has a 50-day moving average of GBX 126.8 and a 200-day moving average of GBX 117.2. The company’s market cap is £1.577 billion.
A number of other analysts have also recently weighed in on FGP. Analysts at UBS AG reiterated a “neutral” rating on shares of FirstGroup plc in a research note to investors on Friday. They now have a GBX 120 ($1.98) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of FirstGroup plc in a research note to investors on Friday. They now have a GBX 125 ($2.06) price target on the stock. Finally, analysts at Nomura raised their price target on shares of FirstGroup plc from GBX 130 ($2.14) to GBX 140 ($2.31) in a research note to investors on Tuesday, January 21st. They now have a “buy” rating on the stock. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 141.15 ($2.33).
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.