Investec Reiterates “Buy” Rating for FirstGroup plc (FGP)
FirstGroup plc (LON:FGP)‘s stock had its “buy” rating reaffirmed by analysts at Investec in a research report issued to clients and investors on Wednesday. They currently have a GBX 151 ($2.54) price target on the stock. Investec’s price objective indicates a potential upside of 14.22% from the company’s current price.
FGP has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of FirstGroup plc from GBX 125 ($2.10) to GBX 139 ($2.34) in a research note on Friday, April 25th. They now have a “hold” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of FirstGroup plc in a research note on Thursday, April 24th. They now have a GBX 156 ($2.62) price target on the stock. Finally, analysts at HSBC reiterated a “neutral” rating on shares of FirstGroup plc in a research note on Wednesday, April 23rd. They now have a GBX 130 ($2.19) price target on the stock. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 136.92 ($2.30).
Shares of FirstGroup plc (LON:FGP) opened at 135.20 on Wednesday. FirstGroup plc has a 52 week low of GBX 90.30 and a 52 week high of GBX 146.139. The stock’s 50-day moving average is GBX 130.8 and its 200-day moving average is GBX 129.6. The company’s market cap is £1.628 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.
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.