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).

Firstgroup (LON:FGP) last released its earnings results on Tuesday, November 14th. The transport operator reported GBX 1.90 ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 1.50 ($0.02) by GBX 0.40 ($0.01). Firstgroup had a return on equity of 0.21% and a net margin of 0.04%. The firm had revenue of GBX 277.13 billion for the quarter.

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.

ILLEGAL ACTIVITY NOTICE: This report was first published by American Banking News and is owned by of American Banking News. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/11/30/hsbc-reaffirms-hold-rating-for-firstgroup-fgp.html.

About Firstgroup

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.

Analyst Recommendations for Firstgroup (LON:FGP)

Receive News & Ratings for Firstgroup plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Firstgroup plc and related companies with MarketBeat.com's FREE daily email newsletter.