FirstGroup’s (FGP) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of FirstGroup (LON:FGP) in a research note published on Monday, Marketbeat.com reports. Berenberg Bank currently has a GBX 240 target price on the transport operator’s stock.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada lifted their price target on FirstGroup from GBX 245 to GBX 250 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Panmure Gordon restated a “buy” rating and issued a GBX 250 price objective on shares of FirstGroup in a research note on Tuesday, November 18th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 245 target price on shares of FirstGroup in a research report on Tuesday, November 18th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 246.25.

FirstGroup Stock Down 0.6%

LON:FGP opened at GBX 182.33 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 257.49. FirstGroup has a twelve month low of GBX 136.61 and a twelve month high of GBX 240.40. The company has a market cap of £990.31 million, a PE ratio of 8.60, a P/E/G ratio of 5.21 and a beta of 1.59. The company’s 50 day moving average is GBX 185.92 and its two-hundred day moving average is GBX 206.93.

FirstGroup (LON:FGP) last posted its quarterly earnings data on Tuesday, November 18th. The transport operator reported GBX 9.90 EPS for the quarter. FirstGroup had a negative net margin of 0.34% and a negative return on equity of 2.54%. Analysts anticipate that FirstGroup will post 17.3782772 EPS for the current year.

Insider Activity at FirstGroup

In other news, insider Graham Sutherland bought 50,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was purchased at an average cost of GBX 179 per share, with a total value of £89,500. Also, insider Lena Wilson CBE purchased 11,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were purchased at an average cost of GBX 178 per share, for a total transaction of £19,580. Over the last quarter, insiders have purchased 61,073 shares of company stock valued at $10,923,111. 1.03% of the stock is 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.