FirstGroup (LON:FGP) had its price objective cut by equities research analysts at Deutsche Bank from GBX 90 ($1.21) to GBX 83 ($1.11) in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the transport operator’s stock. Deutsche Bank’s price target would indicate a potential downside of 7.57% from the company’s current price.

A number of other research firms have also recently weighed in on FGP. Jefferies Group reaffirmed a “hold” rating on shares of FirstGroup in a research report on Tuesday. Liberum Capital reaffirmed a “buy” rating and set a GBX 125 ($1.68) price objective on shares of FirstGroup in a research report on Tuesday, April 24th. Deutsche Bank reaffirmed a “hold” rating on shares of FirstGroup in a research report on Thursday, April 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 163 ($2.19) price objective on shares of FirstGroup in a research report on Thursday, February 1st. Finally, Shore Capital reaffirmed a “buy” rating on shares of FirstGroup in a research report on Wednesday, February 21st. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 123 ($1.65).

Shares of FirstGroup opened at GBX 89.80 ($1.20) on Friday, Marketbeat Ratings reports. FirstGroup has a 52-week low of GBX 77.60 ($1.04) and a 52-week high of GBX 154.50 ($2.07).

FirstGroup (LON:FGP) last posted its quarterly earnings data on Thursday, May 31st. The transport operator reported GBX 12.30 ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 12.10 ($0.16) by GBX 0.20 ($0.00). FirstGroup had a return on equity of 0.21% and a net margin of 0.04%.

In other FirstGroup news, insider David Robbie bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 31st. The shares were bought at an average price of GBX 92 ($1.23) per share, with a total value of £27,600 ($37,032.07). Also, insider Tim O’Toole bought 18,083 shares of the firm’s stock in a transaction that occurred on Friday, March 23rd. The shares were acquired at an average cost of GBX 78 ($1.05) per share, for a total transaction of £14,104.74 ($18,924.92). Insiders have purchased a total of 60,770 shares of company stock worth $5,620,770 in the last three months.

FirstGroup Company Profile

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.

Analyst Recommendations for FirstGroup (LON:FGP)

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