JPMorgan Chase & Co. Reiterates Overweight Rating for FirstGroup plc (FGP)
FirstGroup plc (LON:FGP)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, AmericanBankingNews.com reports. They currently have a GBX 156 ($2.62) price target on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 21.02% from the company’s current price.
A number of other analysts have also recently weighed in on FGP. Analysts at HSBC reiterated a “neutral” rating on shares of FirstGroup plc in a research note on Wednesday. They now have a GBX 130 ($2.18) price target on the stock. Separately, analysts at Investec cut their price target on shares of FirstGroup plc from GBX 160 ($2.69) to GBX 151 ($2.54) in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Nomura downgraded shares of FirstGroup plc from a “buy” rating to a “neutral” rating in a research note on Friday, April 11th. They now have a GBX 130 ($2.18) price target on the stock, down previously from GBX 140 ($2.35). Fourteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 135.62 ($2.28).
FirstGroup plc (LON:FGP) traded up 0.23% on Thursday, hitting GBX 128.90. 1,509,812 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’s 50-day moving average is GBX 135.1 and its 200-day moving average is GBX 128.0. The company’s market cap is £1.552 billion.
FirstGroup plc is engaged in the provision of passenger transport services principally in the United Kingdom and North America together with some activities in other European countries, including Denmark.
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