29 Nov Liberum Capital Reiterates Buy Rating for FirstGroup (LON:F…
FirstGroup (LON:FGP)‘s stock had its “buy” rating reaffirmed by investment analysts at Liberum Capital in a research note issued on Thursday, November 14th, Digital Look reports. They currently have a GBX 140 ($1.83) target price on the transport operator’s stock. Liberum Capital’s price target would indicate a potential upside of 14.01% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity boosted their price target on shares of FirstGroup from GBX 109 ($1.42) to GBX 124 ($1.62) and gave the stock a “hold” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. cut their price target on shares of FirstGroup from GBX 145 ($1.89) to GBX 142 ($1.86) and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. FirstGroup currently has an average rating of “Buy” and a consensus target price of GBX 124.14 ($1.62).
Shares of LON FGP traded up GBX 0.60 ($0.01) during midday trading on Thursday, reaching GBX 122.80 ($1.60). 1,317,176 shares of the stock were exchanged, compared to its average volume of 3,850,000. The business has a 50-day simple moving average of GBX 125.57 and a two-hundred day simple moving average of GBX 117.89. The company has a market capitalization of $1.49 billion and a price-to-earnings ratio of -6.36. FirstGroup has a 12 month low of GBX 78.30 ($1.02) and a 12 month high of GBX 138.80 ($1.81). The company has a debt-to-equity ratio of 189.24, a current ratio of 0.80 and a quick ratio of 0.69.
In other news, insider Matthew Gregory acquired 23,177 shares of the stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of GBX 108 ($1.41) per share, for a total transaction of £25,031.16 ($32,707.64). Insiders have bought a total of 106,970 shares of company stock worth $13,395,369 over the last 90 days.
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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