FirstGroup plc (LON:FGP) Receives Average Rating of “Hold” from Analysts
Shares of FirstGroup plc (LON:FGP) have been given a consensus rating of “Hold” by the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 147.70 ($1.92).
A number of research analysts have issued reports on FGP shares. HSBC Holdings plc upped their price target on shares of FirstGroup plc from GBX 130 ($1.69) to GBX 145 ($1.89) and gave the company a “hold” rating in a research note on Friday, April 28th. J P Morgan Chase & Co upped their price target on shares of FirstGroup plc from GBX 151 ($1.97) to GBX 160 ($2.08) and gave the company an “overweight” rating in a research note on Wednesday, May 10th. Liberum Capital restated a “buy” rating and set a GBX 150 ($1.95) price target on shares of FirstGroup plc in a research note on Thursday, May 11th. Jefferies Group LLC upped their price target on shares of FirstGroup plc from GBX 150 ($1.95) to GBX 155 ($2.02) and gave the company a “hold” rating in a research note on Monday, June 19th. Finally, Shore Capital restated a “buy” rating on shares of FirstGroup plc in a research note on Thursday, June 1st.
In other news, insider Martha Poulter purchased 60,000 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were purchased at an average cost of GBX 117 ($1.52) per share, with a total value of £70,200 ($91,418.15). Also, insider Tim O’Toole purchased 7,221 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were purchased at an average cost of GBX 115 ($1.50) per share, for a total transaction of £8,304.15 ($10,814.10). Over the last three months, insiders have purchased 73,698 shares of company stock worth $8,679,471 and have sold 104,889 shares worth $14,794,525.
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Shares of FirstGroup plc (LON FGP) opened at 112.70 on Friday. The company’s market cap is GBX 1.36 billion. The company’s 50 day moving average is GBX 119.38 and its 200 day moving average is GBX 126.96. FirstGroup plc has a 12 month low of GBX 99.18 and a 12 month high of GBX 154.50.
About FirstGroup plc
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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