FirstGroup plc (LON:FGP) has been given an average rating of “Buy” by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 112.50 ($1.47).
Several analysts recently commented on the stock. Goldman Sachs Group raised their price objective on shares of FirstGroup from GBX 110 ($1.44) to GBX 113 ($1.48) and gave the company a “buy” rating in a research note on Tuesday, March 5th. Royal Bank of Canada upgraded shares of FirstGroup to an “outperform” rating and set a GBX 160 ($2.09) price objective for the company in a research note on Tuesday, May 14th. Liberum Capital reiterated a “buy” rating and issued a GBX 130 ($1.70) price objective on shares of FirstGroup in a research note on Thursday, June 6th. Canaccord Genuity raised their price objective on shares of FirstGroup from GBX 91 ($1.19) to GBX 109 ($1.42) and gave the company a “hold” rating in a research note on Tuesday, June 4th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of FirstGroup in a research note on Tuesday, April 9th.
Shares of FGP stock traded up GBX 1.50 ($0.02) during mid-day trading on Wednesday, hitting GBX 101.70 ($1.33). The stock had a trading volume of 1,420,818 shares, compared to its average volume of 3,850,000. FirstGroup has a fifty-two week low of GBX 77.95 ($1.02) and a fifty-two week high of GBX 125 ($1.63). The firm has a market cap of $1.24 billion and a price-to-earnings ratio of -18.49. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 108.25. The company has a 50-day simple moving average of GBX 105.29.
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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