FirstGroup plc (FGP) Receives Consensus Rating of “Hold” from Analysts
FirstGroup plc (LON:FGP) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 147.70 ($1.93).
A number of brokerages recently issued reports on FGP. Jefferies Group LLC boosted their price objective on FirstGroup plc from GBX 120 ($1.57) to GBX 150 ($1.96) and gave the company a “hold” rating in a research note on Tuesday, May 30th. Canaccord Genuity reissued a “hold” rating and issued a GBX 125 ($1.63) price target on shares of FirstGroup plc in a report on Thursday, June 1st. Liberum Capital reissued a “buy” rating and issued a GBX 150 ($1.96) price target on shares of FirstGroup plc in a report on Thursday, June 1st. Shore Capital reissued a “buy” rating on shares of FirstGroup plc in a report on Thursday, June 1st. Finally, J P Morgan Chase & Co boosted their price target on FirstGroup plc from GBX 160 ($2.09) to GBX 171 ($2.23) and gave the stock an “overweight” rating in a report on Friday, June 2nd.
In other news, insider Tim O’Toole sold 5,260 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of GBX 150 ($1.96), for a total transaction of £7,890 ($10,302.95). Also, insider Matthew Gregory sold 42,164 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of GBX 140 ($1.83), for a total value of £59,029.60 ($77,082.27). Insiders have sold a total of 104,889 shares of company stock worth $14,794,525 over the last ninety days.
Shares of FirstGroup plc (LON:FGP) opened at 119.20 on Tuesday. The stock has a 50 day moving average of GBX 140.40 and a 200-day moving average of GBX 123.85. The stock’s market capitalization is GBX 1.44 billion. FirstGroup plc has a one year low of GBX 95.00 and a one year high of GBX 154.50.
FirstGroup plc Company Profile
FirstGroup plc is a transport operator in the United Kingdom and North America. The Company operates through five segments: First Student, First Transit, Greyhound, First Bus and First Rail. The First Student is a provider of student transportation in North America and operates a fleet of over 47,000 school buses, with over six million student journeys per school day.
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