HSBC Reaffirms “Hold” Rating for Firstgroup (FGP)
Firstgroup (LON:FGP)‘s stock had its “hold” rating reiterated by HSBC in a research report issued to clients and investors on Thursday.
A number of other equities analysts also recently commented on FGP. J P Morgan Chase & Co cut their price objective on Firstgroup from GBX 171 ($2.29) to GBX 163 ($2.18) and set an “overweight” rating on the stock in a report on Wednesday, November 15th. Shore Capital restated a “buy” rating on shares of Firstgroup in a report on Tuesday, November 14th. Royal Bank Of Canada upgraded Firstgroup to a “sector performer” rating and cut their price objective for the stock from GBX 115 ($1.54) to GBX 110 ($1.47) in a report on Thursday, November 16th. Liberum Capital restated a “buy” rating and issued a GBX 165 ($2.21) price objective on shares of Firstgroup in a report on Tuesday, November 14th. Finally, Deutsche Bank upgraded Firstgroup to a “hold” rating and raised their price objective for the stock from GBX 94 ($1.26) to GBX 100 ($1.34) in a report on Thursday, November 16th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 139.25 ($1.86).
Firstgroup (FGP) traded down GBX 0.90 ($0.01) during midday trading on Thursday, reaching GBX 109.40 ($1.47). The company had a trading volume of 1,940,047 shares, compared to its average volume of 2,060,000. Firstgroup has a 1 year low of GBX 97.45 ($1.31) and a 1 year high of GBX 154.50 ($2.07).
In related news, insider Tim O’Toole bought 7,175 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were acquired at an average cost of GBX 116 ($1.55) per share, for a total transaction of £8,323 ($11,146.38). Over the last quarter, insiders have purchased 28,222 shares of company stock worth $3,057,841.
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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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