Peel Hunt reaffirmed their buy rating on shares of FirstGroup (LON:FGP) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.
A number of other research firms also recently commented on FGP. HSBC raised shares of FirstGroup to a hold rating and lifted their target price for the stock from GBX 100 ($1.32) to GBX 130 ($1.71) in a research report on Wednesday, January 29th. Citigroup reissued a neutral rating and set a GBX 145 ($1.91) price target on shares of FirstGroup in a report on Tuesday, January 7th. Liberum Capital reissued a buy rating on shares of FirstGroup in a report on Wednesday, March 11th. Canaccord Genuity restated a hold rating and issued a GBX 124 ($1.63) price target on shares of FirstGroup in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. lowered FirstGroup to a neutral rating and cut their price objective for the stock from GBX 142 ($1.87) to GBX 60 ($0.79) in a report on Friday, March 20th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 134.75 ($1.77).
Shares of FirstGroup stock opened at GBX 53 ($0.70) on Monday. The company has a market cap of $646.07 million and a price-to-earnings ratio of -2.75. The company’s 50 day moving average is GBX 101.14 and its 200 day moving average is GBX 119.65. FirstGroup has a twelve month low of GBX 25 ($0.33) and a twelve month high of GBX 138.80 ($1.83). The company has a quick ratio of 0.69, a current ratio of 0.80 and a debt-to-equity ratio of 189.24.
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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