Jefferies Group Lowers FirstGroup plc Price Target to GBX 136 (FGP)
Research analysts at Jefferies Group decreased their price target on shares of FirstGroup plc (LON:FGP) from GBX 139 ($2.33) to GBX 136 ($2.28) in a report released on Thursday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 0.82% from the company’s current price.
FirstGroup plc (LON:FGP) traded up 0.38% during mid-day trading on Thursday, hitting GBX 135.41. The stock had a trading volume of 1,368,643 shares. FirstGroup plc has a 52 week low of GBX 90.30 and a 52 week high of GBX 146.139. The stock has a 50-day moving average of GBX 132.5 and a 200-day moving average of GBX 131.1. The company’s market cap is £1.631 billion.
A number of other firms have also recently commented on FGP. Analysts at Liberum Capital reiterated a “buy” rating on shares of FirstGroup plc in a research note on Thursday, May 22nd. They now have a GBX 155 ($2.60) price target on the stock. Separately, analysts at HSBC reiterated a “neutral” rating on shares of FirstGroup plc in a research note on Thursday, May 22nd. They now have a GBX 135 ($2.26) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of FirstGroup plc in a research note on Thursday, May 22nd. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 136.67 ($2.29).
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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