Zacks Investment Research Lowers FIRSTGROUP/ADR (OTCMKTS:FGROY) to Sell
According to Zacks, “FirstGroup Plc provides passenger transport services primarily in the UK and North America. The company’s operating divisions consists of First Student, First Transit, Greyhound, UK Bus and UK Rail. First Student division provides student transportation with a fleet of yellow school buses. First Transit division provides transit management and contracting, managing public transport systems. Greyhound division is a national provider of scheduled intercity coach transportation services. UK Bus division serves a number of communities. UK Rail division operates passenger rail networks. FirstGroup Plc is headquartered in Aberdeen, the United Kingdom. “
A number of other brokerages also recently issued reports on FGROY. HSBC raised shares of FIRSTGROUP/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. downgraded shares of FIRSTGROUP/ADR from an “overweight” rating to a “neutral” rating in a research report on Friday, March 20th. Jefferies Financial Group reissued a “hold” rating on shares of FIRSTGROUP/ADR in a research report on Tuesday, April 28th. Royal Bank of Canada downgraded shares of FIRSTGROUP/ADR from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, May 13th. Finally, ValuEngine raised shares of FIRSTGROUP/ADR from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. FIRSTGROUP/ADR currently has an average rating of “Hold”.
FirstGroup Plc engages in the provision of passenger transport services. It operates through the following segments: First Student, First Transit, Greyhound, First Bus, and First Rail. The First Student segment provides transportation among students in North America. The First Transit segment offers public transit management and contracting services in North America.
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