Liberum Capital reaffirmed their buy rating on shares of FirstGroup plc (LON:FGP) in a research report released on Thursday, May 11th. The brokerage currently has a GBX 150 ($1.95) price target on the transport operator’s stock.
A number of other research firms have also recently commented on FGP. JPMorgan Chase & Co. boosted their price target on FirstGroup plc from GBX 151 ($1.96) to GBX 160 ($2.08) and gave the stock an overweight rating in a report on Wednesday, May 10th. HSBC Holdings plc lifted their price objective on FirstGroup plc from GBX 130 ($1.69) to GBX 145 ($1.89) and gave the stock a hold rating in a research note on Friday, April 28th. Barclays PLC reaffirmed an equal weight rating and issued a GBX 130 ($1.69) price objective on shares of FirstGroup plc in a research note on Wednesday, March 29th. Royal Bank of Canada lifted their price objective on FirstGroup plc from GBX 90 ($1.17) to GBX 125 ($1.63) and gave the stock an underperform rating in a research note on Wednesday, April 5th. Finally, Canaccord Genuity boosted their target price on FirstGroup plc from GBX 110 ($1.43) to GBX 125 ($1.63) and gave the company a buy rating in a research report on Tuesday, March 28th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. FirstGroup plc presently has a consensus rating of Hold and an average price target of GBX 137.13 ($1.78).
Shares of FirstGroup plc (LON:FGP) traded up 2.06% on Thursday, reaching GBX 153.40. 2,550,594 shares of the company traded hands. FirstGroup plc has a one year low of GBX 87.75 and a one year high of GBX 154.50. The firm has a 50-day moving average price of GBX 138.46 and a 200 day moving average price of GBX 117.96. The company’s market capitalization is GBX 1.85 billion.
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In related news, insider Richard Adam purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were purchased at an average price of GBX 121 ($1.57) per share, for a total transaction of £12,100 ($15,740.86). Also, insider Tim O’Toole purchased 6,395 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The stock was bought at an average price of GBX 124 ($1.61) per share, for a total transaction of £7,929.80 ($10,315.86).
About FirstGroup plc
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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