FirstGroup plc (LON:FGP) Given Average Recommendation of “Hold” by Brokerages

FirstGroup plc (LON:FGP) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 115.25 ($1.51).

FGP has been the subject of several research reports. HSBC upped their price target on shares of FirstGroup from GBX 80 ($1.05) to GBX 90 ($1.18) and gave the company a “hold” rating in a research report on Tuesday, April 9th. Goldman Sachs Group upped their price target on shares of FirstGroup from GBX 110 ($1.44) to GBX 113 ($1.48) and gave the company a “buy” rating in a research report on Tuesday, March 5th. Jefferies Financial Group reiterated a “hold” rating on shares of FirstGroup in a research report on Tuesday, April 9th. Canaccord Genuity upped their price target on shares of FirstGroup from GBX 91 ($1.19) to GBX 109 ($1.42) and gave the company a “hold” rating in a research report on Tuesday, June 4th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 130 ($1.70) price target on shares of FirstGroup in a research report on Thursday, May 2nd.

Shares of FGP stock opened at GBX 98.25 ($1.28) on Wednesday. The stock has a fifty day simple moving average of GBX 108.04. FirstGroup has a 52-week low of GBX 77.95 ($1.02) and a 52-week high of GBX 125 ($1.63). The stock has a market capitalization of $1.19 billion and a P/E ratio of -17.86. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 108.25.

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.

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Analyst Recommendations for FirstGroup (LON:FGP)

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