Canaccord Genuity Cuts FirstGroup plc (FGP) Price Target to GBX 110
FirstGroup plc (LON:FGP) had its price objective lowered by Canaccord Genuity from GBX 135 ($1.78) to GBX 110 ($1.45) in a report issued on Wednesday morning. Canaccord Genuity currently has a hold rating on the transport operator’s stock.
Several other research firms also recently weighed in on FGP. Liberum Capital restated a buy rating and set a GBX 165 ($2.17) target price on shares of FirstGroup plc in a report on Wednesday, July 19th. Shore Capital restated a buy rating on shares of FirstGroup plc in a report on Tuesday, November 14th. J P Morgan Chase & Co dropped their target price on shares of FirstGroup plc from GBX 171 ($2.25) to GBX 163 ($2.14) and set an overweight rating for the company in a report on Wednesday. reaffirmed a hold rating and set a GBX 160 ($2.10) price target on shares of FirstGroup plc in a research note on Friday, November 3rd. Finally, HSBC Holdings PLC reaffirmed a hold rating and set a GBX 160 ($2.10) price target on shares of FirstGroup plc in a research note on Friday, November 3rd. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. FirstGroup plc has a consensus rating of Hold and an average price target of GBX 142.17 ($1.87).
FirstGroup plc (FGP) opened at GBX 104.10 ($1.37) on Wednesday. FirstGroup plc has a twelve month low of GBX 97.45 ($1.28) and a twelve month high of GBX 154.50 ($2.03).
FirstGroup plc (LON:FGP) last announced its quarterly earnings results on Tuesday, November 14th. The transport operator reported GBX 1.90 ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 1.50 ($0.02) by GBX 0.40 ($0.01). The business had revenue of GBX 277.13 billion during the quarter. FirstGroup plc had a net margin of 3.46% and a return on equity of 11.07%.
ILLEGAL ACTIVITY NOTICE: “Canaccord Genuity Cuts FirstGroup plc (FGP) Price Target to GBX 110” was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://theolympiareport.com/2017/11/19/canaccord-genuity-cuts-firstgroup-plc-fgp-price-target-to-gbx-110.html.
In other FirstGroup plc news, insider Tim O’Toole purchased 7,126 shares of FirstGroup plc stock in a transaction on Friday, August 25th. The shares were purchased at an average cost of GBX 117 ($1.54) per share, with a total value of £8,337.42 ($10,965.96). Over the last ninety days, insiders have acquired 22,104 shares of company stock worth $2,500,963.
FirstGroup plc Company Profile
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.
Receive News & Ratings for FirstGroup plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstGroup plc and related companies with Analyst Ratings Network's FREE daily email newsletter.