FirstGroup plc (LON:FGP) has been assigned an average recommendation of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 117.25 ($1.53).
Several equities research analysts have issued reports on FGP shares. Canaccord Genuity lifted their price objective 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. JPMorgan Chase & Co. reduced 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, August 15th. Liberum Capital reiterated a “buy” rating on shares of FirstGroup in a research note on Monday, September 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of FirstGroup in a research note on Tuesday, June 25th.
In related news, insider Ryan Mangold bought 47,500 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average cost of GBX 119 ($1.55) per share, with a total value of £56,525 ($73,859.92). Also, insider Matthew Gregory bought 83,440 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of GBX 130 ($1.70) per share, with a total value of £108,472 ($141,737.88). Insiders have bought a total of 131,187 shares of company stock valued at $16,529,681 over the last ninety days.
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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