FirstGroup plc Rating Reiterated by Panmure Gordon (FGP)
FirstGroup plc (LON:FGP)‘s stock had its “hold” rating reiterated by stock analysts at Panmure Gordon in a report issued on Thursday. They currently have a GBX 126 ($2.16) price objective on the stock. Panmure Gordon’s price objective indicates a potential downside of 1.64% from the stock’s previous close.
Shares of FirstGroup plc (LON:FGP) traded up 1.91% during mid-day trading on Thursday, hitting GBX 128.10. 2,678,755 shares of the company’s stock traded hands. FirstGroup plc has a 1-year low of GBX 91.40 and a 1-year high of GBX 146.139. The stock has a 50-day moving average of GBX 133.2 and a 200-day moving average of GBX 133.6. The company’s market cap is £1.543 billion.
A number of other analysts have also recently weighed in on FGP. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of FirstGroup plc in a research note on Thursday. They now have a GBX 156 ($2.68) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of FirstGroup plc from GBX 125 ($2.14) to GBX 130 ($2.23) in a research note on Tuesday, June 10th. They now have a “hold” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of FirstGroup plc from GBX 139 ($2.38) to GBX 136 ($2.33) in a research note on Thursday, June 5th. They now have a “hold” rating on the stock. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. FirstGroup plc presently has an average rating of “Hold” and an average target price of GBX 135.92 ($2.33).
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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