FirstGroup plc (FGP) Given Consensus Recommendation of “Hold” by Brokerages

Shares of FirstGroup plc (LON:FGP) have been given a consensus recommendation of “Hold” by the eleven research firms that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 95 ($1.24).

FGP has been the topic of several research analyst reports. UBS Group reaffirmed a “neutral” rating and set a GBX 100 ($1.31) price target (down previously from GBX 111 ($1.45)) on shares of FirstGroup in a research report on Thursday, August 23rd. Liberum Capital reaffirmed a “buy” rating and set a GBX 110 ($1.44) price target on shares of FirstGroup in a research report on Friday, September 7th. Finally, JPMorgan Chase & Co. cut their price target on FirstGroup from GBX 163 ($2.13) to GBX 133 ($1.74) and set an “overweight” rating on the stock in a research report on Wednesday, November 14th.

FGP opened at GBX 86.70 ($1.13) on Friday. FirstGroup has a 52 week low of GBX 77.60 ($1.01) and a 52 week high of GBX 154.50 ($2.02).

FirstGroup (LON:FGP) last released its quarterly earnings results on Tuesday, November 13th. The transport operator reported GBX 2.90 ($0.04) EPS for the quarter.

In related news, insider Wolfhart Hauser bought 10,459 shares of the company’s stock in a transaction dated Tuesday, September 25th. The shares were acquired at an average price of GBX 95 ($1.24) per share, with a total value of £9,936.05 ($12,983.21). In the last three months, insiders bought 22,336 shares of company stock worth $2,002,406.

About FirstGroup

FirstGroup plc provides passenger transport services. The company's First Student segment provides student transportation services through a fleet of approximately 44,000 yellow school buses in North America. This segment also offers charter hire services for school and non-school activities. Its First Transit segment offers public transit management and contracting services, including fixed route, paratransit, shuttle, and vehicle maintenance services to transit authorities, such as federal, state, and local transportation departments, as well as for private institutions, including universities, hospitals, and airports in North America.

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Analyst Recommendations for FirstGroup (LON:FGP)

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