FirstGroup (LON:FGP) Earns Buy Rating from Liberum Capital
Liberum Capital reiterated their buy rating on shares of FirstGroup (LON:FGP) in a report issued on Monday, ThisIsMoney.Co.Uk reports.
A number of other analysts have also weighed in on the stock. Royal Bank of Canada reiterated an outperform rating on shares of FirstGroup in a research note on Tuesday, June 25th. Canaccord Genuity increased their price objective on shares of FirstGroup from GBX 109 ($1.42) to GBX 124 ($1.62) and gave the stock a hold rating in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. cut their price objective on shares of FirstGroup from GBX 145 ($1.89) to GBX 142 ($1.86) and set an overweight rating on the stock in a research note on Thursday, August 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 124.14 ($1.62).
LON:FGP opened at GBX 131.10 ($1.71) on Monday. The firm has a market capitalization of $1.59 billion and a P/E ratio of -23.84. FirstGroup has a 1-year low of GBX 77.95 ($1.02) and a 1-year high of GBX 132.91 ($1.74). The company’s fifty day moving average price is GBX 122.07 and its 200-day moving average price is GBX 106.79. The company has a debt-to-equity ratio of 108.25, a current ratio of 1.01 and a quick ratio of 0.87.
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.
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