Berenberg Bank Increases FirstGroup (LON:FGP) Price Target to GBX 205

FirstGroup (LON:FGP) had its price target hoisted by research analysts at Berenberg Bank from GBX 195 ($2.50) to GBX 205 ($2.63) in a note issued to investors on Monday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the transport operator’s stock. Berenberg Bank’s price target would indicate a potential upside of 23.49% from the company’s current price.

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 200 ($2.56) price objective on shares of FirstGroup in a report on Wednesday, June 12th.

FirstGroup Stock Down 0.4 %

FGP stock opened at GBX 166 ($2.13) on Monday. The stock has a market capitalization of £1.05 billion, a P/E ratio of -16,600.00, a price-to-earnings-growth ratio of 5.21 and a beta of 1.42. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 288.86. FirstGroup has a 12 month low of GBX 134.90 ($1.73) and a 12 month high of GBX 189 ($2.42). The firm has a 50-day moving average price of GBX 165.66 and a 200-day moving average price of GBX 167.90.

About FirstGroup

FirstGroup plc provides public transport services in the United Kingdom. The company operates through First Bus and First Rail segments. The First Bus segment offers local bus services with a fleet of approximately 4,900 buses in the United Kingdom. The First Rail segment operates a passenger rail network that provides long-distance, commuter, regional, and sleeper services through a portfolio of Great Western Railway, South Western Railway, TransPennine Express, and Avanti West Coast franchises; and hull trains and Lumos.