FirstGroup (LON:FGP) Given New GBX 140 Price Target at Liberum Capital
FirstGroup (LON:FGP) had its price objective hoisted by Liberum Capital from GBX 130 ($1.70) to GBX 140 ($1.83) in a report published on Wednesday morning, Digital Look reports. They currently have a buy rating on the transport operator’s stock.
Several other equities research analysts have also commented on FGP. Royal Bank of Canada restated an outperform rating on shares of FirstGroup in a report on Tuesday, June 25th. Canaccord Genuity boosted their price target on shares of FirstGroup from GBX 91 ($1.19) to GBX 109 ($1.42) and gave the company a hold rating in a report on Tuesday, June 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 119.25 ($1.56).
LON:FGP opened at GBX 123.10 ($1.61) on Wednesday. FirstGroup has a one year low of GBX 77.95 ($1.02) and a one year high of GBX 125 ($1.63). The company has a debt-to-equity ratio of 108.25, a quick ratio of 0.87 and a current ratio of 1.01. The firm has a market cap of $1.50 billion and a P/E ratio of -22.38. The firm has a 50-day simple moving average of GBX 109.28 and a 200-day simple moving average of GBX 102.20.
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.
Featured Article: Strike Price
Receive News & Ratings for FirstGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstGroup and related companies with MarketBeat.com's FREE daily email newsletter.