FirstGroup (LON:FGP) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

FirstGroup (LON:FGP) had its price objective upped by equities research analysts at Royal Bank Of Canada from GBX 245 to GBX 250 in a research report issued on Wednesday, Marketbeat Ratings reports. The firm currently has an “outperform” rating on the transport operator’s stock. Royal Bank Of Canada’s target price points to a potential upside of 30.28% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. Panmure Gordon restated a “buy” rating and issued a GBX 250 target price on shares of FirstGroup in a research note on Tuesday, November 18th. Peel Hunt reiterated a “buy” rating and set a GBX 245 price target on shares of FirstGroup in a report on Tuesday, November 18th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, FirstGroup currently has an average rating of “Buy” and an average target price of GBX 246.25.

FirstGroup Trading Down 0.3%

LON FGP opened at GBX 191.90 on Wednesday. The company has a market cap of £1.04 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 5.21 and a beta of 1.59. FirstGroup has a 52 week low of GBX 136.61 and a 52 week high of GBX 240.40. The business has a 50 day moving average price of GBX 195.62 and a 200-day moving average price of GBX 211.89. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 257.49.

FirstGroup (LON:FGP) last announced its quarterly earnings results on Tuesday, November 18th. The transport operator reported GBX 9.90 earnings per share for the quarter. FirstGroup had a negative net margin of 0.34% and a negative return on equity of 2.54%. As a group, equities analysts expect that FirstGroup will post 17.3782772 earnings per share for the current fiscal year.

Insider Transactions at FirstGroup

In other FirstGroup news, insider Lena Wilson CBE bought 11,000 shares of FirstGroup stock in a transaction dated Wednesday, November 19th. The stock was purchased at an average price of GBX 178 per share, for a total transaction of £19,580. Also, insider Graham Sutherland purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were acquired at an average price of GBX 179 per share, for a total transaction of £89,500. Insiders purchased a total of 61,142 shares of company stock worth $10,938,084 over the last 90 days. 1.03% of the stock is currently owned by company insiders.

About FirstGroup

FirstGroup plc provides public transport services in the United Kingdom. The company operates through First Bus and First Rail segments. The First Bus segment offers local bus services with a fleet of approximately 4,900 buses in the United Kingdom. The First Rail segment operates a passenger rail network that provides long-distance, commuter, regional, and sleeper services through a portfolio of Great Western Railway, South Western Railway, TransPennine Express, and Avanti West Coast franchises; and hull trains and Lumos.