FirstGroup plc (LON:FGP) had its price target raised by stock analysts at HSBC Holdings plc from GBX 120 ($1.51) to GBX 130 ($1.63) in a research note issued on Tuesday. The firm presently has a “hold” rating on the transport operator’s stock. HSBC Holdings plc’s price objective indicates a potential downside of 1.52% from the company’s current price.
Other analysts have also recently issued reports about the company. Liberum Capital restated a “buy” rating and issued a GBX 150 ($1.89) price objective on shares of FirstGroup plc in a research report on Monday, March 27th. Shore Capital restated a “buy” rating on shares of FirstGroup plc in a research report on Monday, March 27th. Barclays PLC restated an “equal weight” rating and issued a GBX 120 ($1.51) price objective on shares of FirstGroup plc in a research report on Thursday, January 5th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 141 ($1.77) price objective on shares of FirstGroup plc in a research report on Wednesday, February 8th. Finally, Deutsche Bank AG restated a “sell” rating on shares of FirstGroup plc in a research report on Tuesday, February 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 129.56 ($1.63).
FirstGroup plc (LON:FGP) traded down 0.68% during mid-day trading on Tuesday, reaching GBX 132.00. The company had a trading volume of 3,311,494 shares. FirstGroup plc has a 52 week low of GBX 87.75 and a 52 week high of GBX 134.00. The stock has a 50 day moving average of GBX 122.54 and a 200 day moving average of GBX 109.98. The stock’s market capitalization is GBX 1.59 billion.
In other news, insider Tim O’Toole purchased 6,509 shares of the stock in a transaction dated Friday, February 24th. The shares were purchased at an average cost of GBX 122 ($1.53) per share, with a total value of £7,940.98 ($9,979.87). Also, insider Mick Barker purchased 588 shares of the stock in a transaction dated Wednesday, January 25th. The stock was purchased at an average cost of GBX 104 ($1.31) per share, for a total transaction of £611.52 ($768.53). Insiders bought 23,602 shares of company stock worth $2,869,780 over the last ninety days.
About FirstGroup plc
FirstGroup plc is a transport operator in the United Kingdom and North America. The Company operates through five segments: First Student, First Transit, Greyhound, First Bus and First Rail. The First Student is a provider of student transportation in North America and operates a fleet of over 47,000 school buses, with over six million student journeys per school day.