JPMorgan Chase & Co. Lifted FirstGroup plc (FGP) Target Price to GBX 171

JPMorgan Chase & Co. Lifted FirstGroup plc (FGP) Target Price to GBX 171

FirstGroup plc (LON:FGP) had its price target raised by analysts at JPMorgan Chase & Co. from GBX 160 ($2.06) to GBX 171 ($2.20) in a note issued to investors on Friday. The firm currently has an “overweight” rating on the transport operator’s stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 20.17% from the stock’s current price.

Other equities analysts have also issued reports about the company. Canaccord Genuity reiterated a “hold” rating and issued a GBX 125 ($1.61) price objective on shares of FirstGroup plc in a research note on Thursday. Liberum Capital reiterated a “buy” rating and issued a GBX 150 ($1.93) price objective on shares of FirstGroup plc in a research note on Thursday. Shore Capital reiterated a “buy” rating on shares of FirstGroup plc in a research note on Thursday. Barclays PLC reissued an “equal weight” rating and set a GBX 130 ($1.67) target price on shares of FirstGroup plc in a research report on Wednesday, March 29th. Finally, HSBC Holdings plc lifted their target price on FirstGroup plc from GBX 120 ($1.54) to GBX 130 ($1.67) and gave the stock a “hold” rating in a research report on Tuesday, March 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. FirstGroup plc presently has a consensus rating of “Hold” and an average price target of GBX 139.78 ($1.80).

FirstGroup plc (LON:FGP) opened at 144.50 on Friday. FirstGroup plc has a 12-month low of GBX 87.75 and a 12-month high of GBX 154.50. The firm’s market cap is GBX 1.74 billion. The stock has a 50 day moving average price of GBX 140.89 and a 200-day moving average price of GBX 119.42.

In related news, insider Richard Adam acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, March 7th. The shares were bought at an average cost of GBX 121 ($1.55) per share, with a total value of £12,100 ($15,542.71). Also, insider Tim O’Toole sold 5,260 shares of FirstGroup plc stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of GBX 150 ($1.93), for a total value of £7,890 ($10,134.87).

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:FGP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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