Analysts Set FirstGroup plc (FGP) Price Target at $135.09
Shares of FirstGroup plc (LON:FGP) have earned an average rating of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 135.09 ($1.87).
Several research firms have weighed in on FGP. Royal Bank of Canada dropped their price target on FirstGroup from GBX 110 ($1.52) to GBX 95 ($1.31) and set a “sector performer” rating for the company in a research note on Thursday, February 22nd. Deutsche Bank lowered their target price on FirstGroup from GBX 100 ($1.38) to GBX 90 ($1.24) and set a “hold” rating for the company in a research report on Thursday, February 22nd. Canaccord Genuity reiterated a “hold” rating and set a GBX 110 ($1.52) target price on shares of FirstGroup in a research report on Wednesday, February 21st. Liberum Capital reiterated a “buy” rating and set a GBX 165 ($2.28) target price on shares of FirstGroup in a research report on Wednesday, February 21st. Finally, Shore Capital reiterated a “buy” rating on shares of FirstGroup in a research report on Wednesday, February 21st.
In related news, insider David Robbie purchased 30,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of GBX 102 ($1.41) per share, for a total transaction of £30,600 ($42,276.87). Also, insider Tim O’Toole purchased 12,740 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were bought at an average price of GBX 109 ($1.51) per share, for a total transaction of £13,886.60 ($19,185.69). Insiders have bought a total of 72,683 shares of company stock valued at $7,265,126 over the last quarter.
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FirstGroup Company Profile
FirstGroup plc is a transport operator in the United Kingdom and North America. The Company operates through five segments: First Student, First Transit, Greyhound, First Bus and First Rail. The First Student is a provider of student transportation in North America and operates a fleet of over 47,000 school buses, with over six million student journeys per school day.
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