FirstGroup (LON:FGP) Earns “Buy” Rating from Liberum Capital

FirstGroup (LON:FGP)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a report issued on Thursday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also issued reports on FGP. 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 note on Thursday, August 15th. Canaccord Genuity upped their price target on shares of FirstGroup from GBX 109 ($1.42) to GBX 124 ($1.62) and gave the company a “hold” rating in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. FirstGroup has a consensus rating of “Buy” and an average price target of GBX 124.14 ($1.62).

Shares of FirstGroup stock opened at GBX 115.86 ($1.51) on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 108.25. FirstGroup has a 12-month low of GBX 77.95 ($1.02) and a 12-month high of GBX 138.80 ($1.81). The firm has a market capitalization of $1.57 billion and a price-to-earnings ratio of -21.07. The firm’s 50 day simple moving average is GBX 130.24 and its two-hundred day simple moving average is GBX 117.12.

In other FirstGroup news, insider Matthew Gregory acquired 83,440 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of GBX 130 ($1.70) per share, for a total transaction of £108,472 ($141,737.88). Insiders bought 83,793 shares of company stock worth $10,892,253 in the last quarter.

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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Analyst Recommendations for FirstGroup (LON:FGP)

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