FirstGroup plc (FGP) Given Average Recommendation of “Hold” by Analysts
FirstGroup plc (LON:FGP) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 147.11 ($1.94).
A number of brokerages have recently weighed in on FGP. Liberum Capital reiterated a “buy” rating and issued a GBX 165 ($2.18) price objective on shares of FirstGroup plc in a research report on Tuesday, July 11th. HSBC Holdings plc reiterated a “hold” rating and set a GBX 160 ($2.11) price objective on shares of FirstGroup plc in a research note on Friday.
In other news, insider Tim O’Toole acquired 7,175 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were bought at an average price of GBX 116 ($1.53) per share, with a total value of £8,323 ($10,983.11). In the last three months, insiders purchased 22,104 shares of company stock worth $2,500,963.
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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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