Berenberg Bank Forecasts Strong Price Appreciation for FirstGroup (LON:FGP) Stock

FirstGroup (LON:FGP) had its price target upped by equities researchers at Berenberg Bank from GBX 240 to GBX 255 in a report released on Monday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the transport operator’s stock. Berenberg Bank’s target price suggests a potential upside of 41.98% from the stock’s current price.

Separately, Royal Bank Of Canada restated an “outperform” rating and set a GBX 255 price objective on shares of FirstGroup in a report on Monday, July 6th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 251.25.

FirstGroup Trading Up 1.5%

Shares of FirstGroup stock opened at GBX 179.60 on Monday. FirstGroup has a 1 year low of GBX 152.10 and a 1 year high of GBX 240.40. The company’s fifty day simple moving average is GBX 176 and its 200-day simple moving average is GBX 177.97. The company has a market cap of £970.32 million, a price-to-earnings ratio of 8.72, a PEG ratio of 5.21 and a beta of 0.71. The company has a current ratio of 0.73, a quick ratio of 0.74 and a debt-to-equity ratio of 163.00.

FirstGroup (LON:FGP) last released its earnings results on Thursday, June 18th. The transport operator reported GBX 20.30 EPS for the quarter. FirstGroup had a net margin of 2.49% and a return on equity of 17.75%. The firm had revenue of GBX 475.19 billion during the quarter. As a group, sell-side analysts expect that FirstGroup will post 17.3782772 EPS for the current year.

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.