Barclays PLC Lowers FirstGroup plc (FGP) Price Target to GBX 120
FirstGroup plc (LON:FGP) had its target price dropped by equities researchers at Barclays PLC from GBX 128 ($1.60) to GBX 120 ($1.50) in a research note issued on Wednesday. The brokerage currently has an “equal weight” rating on the transport operator’s stock. Barclays PLC’s price objective would indicate a potential upside of 11.94% from the company’s current price.
Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price target on shares of FirstGroup plc from GBX 140 ($1.75) to GBX 141 ($1.76) and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 85 ($1.06) price target on shares of FirstGroup plc in a research report on Tuesday, July 19th. Deutsche Bank AG assumed coverage on shares of FirstGroup plc in a research report on Wednesday, September 21st. They issued a “sell” rating and a GBX 94 ($1.17) price target on the stock. Canaccord Genuity assumed coverage on shares of FirstGroup plc in a research report on Monday, September 19th. They issued a “hold” rating and a GBX 110 ($1.37) price target on the stock. Finally, Goldman Sachs Group Inc. increased their price target on shares of FirstGroup plc from GBX 146 ($1.82) to GBX 168 ($2.10) and gave the company a “conviction-buy” rating in a research report on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. FirstGroup plc currently has an average rating of “Hold” and a consensus target price of GBX 118.62 ($1.48).
Shares of FirstGroup plc (LON:FGP) opened at 106.90 on Wednesday. FirstGroup plc has a 1-year low of GBX 79.55 and a 1-year high of GBX 116.10. The firm’s market capitalization is GBX 1.29 billion. The firm has a 50-day moving average of GBX 107.59 and a 200-day moving average of GBX 104.49.
In related news, insider Tim O’Toole acquired 7,546 shares of the business’s stock in a transaction dated Tuesday, October 25th. The stock was bought at an average price of GBX 105 ($1.31) per share, with a total value of £7,923.30 ($9,899.18).
About FirstGroup plc
FirstGroup plc is a United Kingdom-based transport operator in United Kingdom and North America. The Company operates through five segments: First Student, First Transit, Greyhound, UK Bus and UK Rail. The First Student is the provider of student transportation in North America. The First Transit is the private sector providers of public transit management and contracting in North America.
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