FirstGroup’s (LON:FGP) Buy Rating Reaffirmed at Liberum Capital

FirstGroup (LON:FGP)‘s stock had its “buy” rating reaffirmed by equities researchers at Liberum Capital in a research note issued to investors on Wednesday, June 26th, Digital Look reports. They presently have a GBX 130 ($1.70) price target on the transport operator’s stock. Liberum Capital’s price objective would indicate a potential upside of 19.82% from the company’s previous close.

A number of other brokerages also recently issued reports on FGP. Royal Bank of Canada cut their target price on Advance Auto Parts to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, May 14th. Canaccord Genuity raised their target price on from GBX 91 ($1.19) to GBX 109 ($1.42) and gave the stock a “hold” rating in a research note on Tuesday, June 4th. HSBC downgraded SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Jefferies Financial Group reaffirmed a “hold” rating on shares of COMPASS GRP PLC/S in a research note on Tuesday, April 9th. Finally, Goldman Sachs Group downgraded Grupo Aeroportr dl Pcfco SAB de CV from a “buy” rating to a “sell” rating in a research note on Tuesday, March 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 116.88 ($1.53).

Shares of FGP traded up GBX 1 ($0.01) during midday trading on Wednesday, reaching GBX 108.50 ($1.42). The company had a trading volume of 804,537 shares, compared to its average volume of 3,850,000. FirstGroup has a 1-year low of GBX 77.95 ($1.02) and a 1-year high of GBX 125 ($1.63). The company has a market capitalization of $1.32 billion and a PE ratio of -19.73. The business has a 50 day simple moving average of GBX 103.40. The company has a debt-to-equity ratio of 108.25, a quick ratio of 0.87 and a current ratio of 1.01.

About FirstGroup

FirstGroup plc provides passenger transport services. The company's First Student segment provides student transportation services through a fleet of approximately 44,000 yellow school buses in North America. This segment also offers charter hire services for school and non-school activities. Its First Transit segment offers public transit management and contracting services, including fixed route, paratransit, shuttle, and vehicle maintenance services to transit authorities, such as federal, state, and local transportation departments, as well as for private institutions, including universities, hospitals, and airports in North America.

Featured Story: What does cost of debt say about a company’s financial health?

Analyst Recommendations for FirstGroup (LON:FGP)

Receive News & Ratings for FirstGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstGroup and related companies with MarketBeat.com's FREE daily email newsletter.