FirstGroup plc (FGP) Coverage Initiated at Deutsche Bank AG
Equities researchers at Deutsche Bank AG assumed coverage on shares of FirstGroup plc (LON:FGP) in a research note issued to investors on Wednesday. The firm set a “sell” rating and a GBX 94 ($1.23) price target on the transport operator’s stock. Deutsche Bank AG’s price objective indicates a potential downside of 11.99% from the company’s current price.
A number of other equities research analysts have also recently weighed in on FGP. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 153 ($2.00) price target on shares of FirstGroup plc in a research report on Wednesday, May 25th. Shore Capital reissued a “buy” rating on shares of FirstGroup plc in a research note on Tuesday, June 14th. HSBC raised their price objective on shares of FirstGroup plc from GBX 95 ($1.24) to GBX 100 ($1.31) and gave the company a “hold” rating in a research note on Wednesday, June 15th. Liberum Capital reissued a “buy” rating and issued a GBX 140 ($1.83) price objective on shares of FirstGroup plc in a research note on Thursday, June 16th. Finally, Goldman Sachs Group Inc. raised their price objective on shares of FirstGroup plc from GBX 160 ($2.09) to GBX 163 ($2.13) and gave the company a “conviction-buy” rating in a research note on Wednesday, June 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 117.07 ($1.53).
Shares of FirstGroup plc (LON:FGP) traded down 2.47% during midday trading on Wednesday, hitting GBX 106.80. 1,851,999 shares of the stock traded hands. FirstGroup plc has a 52-week low of GBX 79.55 and a 52-week high of GBX 116.10. The stock has a 50-day moving average of GBX 106.99 and a 200-day moving average of GBX 101.49. The company’s market cap is GBX 1.29 billion.
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In other news, insider Gregory,Matthew sold 232,360 shares of FirstGroup plc stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of GBX 100 ($1.31), for a total value of £232,360 ($303,302.44). Also, insider O’Toole,Tim bought 8,467 shares of the business’s stock in a transaction dated Friday, June 24th. The stock was acquired at an average cost of GBX 93 ($1.21) per share, for a total transaction of £7,874.31 ($10,278.44).
FirstGroup plc Company Profile
FirstGroup plc is a United Kingdom-based transport operator in United Kingdom and North America. The Company operates through five segments: First Student, First Transit, Greyhound, UK Bus and UK Rail. The First Student is the provider of student transportation in North America. The First Transit is the private sector providers of public transit management and contracting in North America.
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