FirstGroup plc (LON:FGP) Insider Acquires £56,525 in Stock

FirstGroup plc (LON:FGP) insider Ryan Mangold acquired 47,500 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of GBX 119 ($1.55) per share, with a total value of £56,525 ($73,859.92).

Shares of FirstGroup stock traded up GBX 6.90 ($0.09) on Thursday, reaching GBX 121.50 ($1.59). 2,236,116 shares of the company traded hands, compared to its average volume of 3,850,000. FirstGroup plc has a 52 week low of GBX 77.95 ($1.02) and a 52 week high of GBX 125 ($1.63). The business has a 50 day moving average of GBX 108.29. The stock has a market cap of $1.48 billion and a price-to-earnings ratio of -22.09. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 108.25.

Several research firms have commented on FGP. Royal Bank of Canada reiterated an “outperform” rating on shares of FirstGroup in a research note on Tuesday, June 25th. JPMorgan Chase & Co. decreased their price objective on shares of FirstGroup from GBX 145 ($1.89) to GBX 142 ($1.86) and set an “overweight” rating for the company in a research note on Thursday. Liberum Capital reiterated a “buy” rating and issued a GBX 140 ($1.83) price objective (up previously from GBX 130 ($1.70)) on shares of FirstGroup in a research note on Wednesday. Finally, Canaccord Genuity increased 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. FirstGroup has a consensus rating of “Buy” and an average target price of GBX 119.25 ($1.56).

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.

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