Firstgroup plc (FGP) Receives Average Recommendation of “Hold” from Brokerages

Shares of Firstgroup plc (LON:FGP) have been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 137.36 ($1.86).

A number of analysts have recently commented on the stock. reiterated a “hold” rating and issued a GBX 160 ($2.17) price target on shares of Firstgroup in a research note on Friday, November 3rd. HSBC reiterated a “hold” rating and issued a GBX 160 ($2.17) price target on shares of Firstgroup in a research note on Friday, November 3rd. reiterated a “hold” rating and issued a GBX 160 ($2.17) price target on shares of Firstgroup in a research note on Friday, November 3rd. Jefferies Group reduced their price target on shares of Firstgroup from GBX 155 ($2.10) to GBX 120 ($1.63) and set a “hold” rating for the company in a research note on Monday, November 27th. Finally, Shore Capital reiterated a “buy” rating on shares of Firstgroup in a research note on Tuesday, November 28th.

In other news, insider Tim O’Toole purchased 7,803 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was acquired at an average cost of GBX 107 ($1.45) per share, for a total transaction of £8,349.21 ($11,322.50). Insiders have purchased 34,171 shares of company stock valued at $3,643,598 over the last 90 days.

Shares of Firstgroup (LON FGP) opened at GBX 112.40 ($1.52) on Wednesday. Firstgroup has a 12 month low of GBX 97.45 ($1.32) and a 12 month high of GBX 154.50 ($2.10). The company has a market cap of $1,360.00 and a P/E ratio of 1,248.89.

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

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Firstgroup 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.

Analyst Recommendations for Firstgroup (LON:FGP)

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