Canaccord Genuity initiated coverage on shares of FirstGroup plc (LON:FGP) in a research report released on Monday. The firm issued a hold rating and a GBX 110 ($1.44) target price on the transport operator’s stock.

A number of other brokerages have also commented on FGP. JPMorgan Chase & Co. dropped their price objective on shares of FirstGroup plc from GBX 153 ($2.00) to GBX 141 ($1.84) and set an overweight rating on the stock in a report on Wednesday, June 15th. HSBC raised their target price on shares of FirstGroup plc from GBX 95 ($1.24) to GBX 100 ($1.31) and gave the company a hold rating in a research report on Wednesday, June 15th. Liberum Capital reaffirmed a buy rating and issued a GBX 140 ($1.83) target price on shares of FirstGroup plc in a research report on Monday, May 23rd. Jefferies Group reaffirmed a hold rating on shares of FirstGroup plc in a research report on Monday, May 23rd. Finally, Shore Capital reaffirmed a buy rating on shares of FirstGroup plc in a research report on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 119.64 ($1.56).

Shares of FirstGroup plc (LON:FGP) opened at 109.70 on Monday. FirstGroup plc has a one year low of GBX 79.55 and a one year high of GBX 116.10. The company’s market capitalization is GBX 1.32 billion. The company has a 50-day moving average of GBX 106.77 and a 200-day moving average of GBX 101.36.

In related news, insider Gregory,Matthew sold 232,360 shares of the business’s stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of GBX 100 ($1.31), for a total transaction of £232,360 ($303,302.44). Also, insider O’Toole,Tim bought 7,988 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were bought at an average price of GBX 99 ($1.29) per share, for a total transaction of £7,908.12 ($10,322.57).

About FirstGroup plc

FirstGroup plc is a United Kingdom-based transport operator in United Kingdom and North America. The Company operates through five segments: First Student, First Transit, Greyhound, UK Bus and UK Rail. The First Student is the provider of student transportation in North America. The First Transit is the private sector providers of public transit management and contracting in North America.

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