FirstGroup plc (FGP) Given Consensus Recommendation of “Hold” by Brokerages
Shares of FirstGroup plc (LON:FGP) have earned an average recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 95 ($1.24).
Several research analysts have commented on the company. Liberum Capital reaffirmed a “buy” rating on shares of FirstGroup in a research report on Tuesday, November 13th. JPMorgan Chase & Co. lowered their target price on FirstGroup from GBX 163 ($2.13) to GBX 133 ($1.74) and set an “overweight” rating on the stock in a research note on Wednesday, November 14th. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 100 ($1.31) target price (down from GBX 111 ($1.45)) on shares of FirstGroup in a research note on Thursday, August 23rd.
In related news, insider Wolfhart Hauser bought 11,691 shares of the stock in a transaction on Thursday, October 25th. The shares were bought at an average cost of GBX 85 ($1.11) per share, for a total transaction of £9,937.35 ($12,984.91). Insiders acquired a total of 33,009 shares of company stock worth $2,994,995 over the last quarter.
FirstGroup (LON:FGP) last released its quarterly earnings results on Tuesday, November 13th. The transport operator reported GBX 2.90 ($0.04) EPS for the quarter.
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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