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

FirstGroup’s (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 Tuesday, January 7th, Stock Target Advisor reports.

Separately, Canaccord Genuity reaffirmed a “hold” rating and set a GBX 124 ($1.63) target price on shares of FirstGroup in a research note on Monday, November 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 126.75 ($1.67).

FirstGroup stock opened at GBX 126 ($1.66) on Tuesday. The company’s 50 day simple moving average is GBX 123.63 and its 200-day simple moving average is GBX 122.44. The company has a market capitalization of $1.53 billion and a price-to-earnings ratio of -6.53. FirstGroup has a 1 year low of GBX 86.85 ($1.14) and a 1 year high of GBX 138.80 ($1.83). The company has a debt-to-equity ratio of 189.24, a quick ratio of 0.69 and a current ratio of 0.80.

In other FirstGroup news, insider Matthew Gregory purchased 23,177 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of GBX 108 ($1.42) per share, for a total transaction of £25,031.16 ($32,927.07). In the last quarter, insiders have purchased 23,549 shares of company stock valued at $2,548,192.

FirstGroup Company Profile

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.

Further Reading: Asset Allocation, Balancing Your Investments

Analyst Recommendations for FirstGroup (LON:FGP)

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Moving & Transportation Services CEO Jonathan Cartu

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