17 Sep Insider Buying: FirstGroup plc (LON:FGP) Insider Purchases …
FirstGroup plc (LON:FGP) insider Matthew Gregory acquired 83,440 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of GBX 130 ($1.70) per share, with a total value of £108,472 ($141,737.88).
Shares of FirstGroup stock opened at GBX 129.80 ($1.70) on Tuesday. FirstGroup plc has a one year low of GBX 77.95 ($1.02) and a one year high of GBX 132.91 ($1.74). The company has a debt-to-equity ratio of 108.25, a current ratio of 1.01 and a quick ratio of 0.87. The stock’s 50-day moving average is GBX 121.32 and its 200 day moving average is GBX 106.42. The firm has a market cap of $1.58 billion and a price-to-earnings ratio of -23.60.
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on FirstGroup from GBX 145 ($1.89) to GBX 142 ($1.86) and set an “overweight” rating for the company in a report on Thursday, August 15th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of FirstGroup in a report on Tuesday, June 25th. Canaccord Genuity upped their target price on FirstGroup from GBX 109 ($1.42) to GBX 124 ($1.62) and gave the stock a “hold” rating in a report on Wednesday, August 21st. Finally, Liberum Capital reissued a “buy” rating on shares of FirstGroup in a research note on Monday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. FirstGroup has a consensus rating of “Buy” and an average target price of GBX 124.14 ($1.62).
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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