Brokerages Set FirstGroup plc (FGP) PT at $112.50

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Shares of FirstGroup plc (LON:FGP) have earned an average rating of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 112.50 ($1.47).

A number of equities research analysts recently commented on FGP shares. Citigroup dropped their target price on FirstGroup from GBX 128 ($1.67) to GBX 87 ($1.14) and set a “neutral” rating on the stock in a research report on Thursday, June 28th. Liberum Capital reiterated a “buy” rating on shares of FirstGroup in a research report on Tuesday, July 10th. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 100 ($1.31) target price (down previously from GBX 111 ($1.45)) on shares of FirstGroup in a research report on Thursday, August 23rd.

In related news, insider Wolfhart Hauser purchased 10,673 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was bought at an average cost of GBX 93 ($1.22) per share, with a total value of £9,925.89 ($12,969.93). In the last quarter, insiders purchased 32,823 shares of company stock worth $2,979,929.

LON FGP traded down GBX 1.95 ($0.03) during trading hours on Friday, reaching GBX 83.95 ($1.10). The stock had a trading volume of 1,045,930 shares, compared to its average volume of 3,850,000. FirstGroup has a 52-week low of GBX 77.60 ($1.01) and a 52-week high of GBX 154.50 ($2.02).

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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