FirstGroup (LON:FGP) had its price target decreased by JPMorgan Chase & Co. from GBX 145 ($1.89) to GBX 142 ($1.86) in a research report report published on Thursday morning, Digital Look reports. JPMorgan Chase & Co. currently has an overweight rating on the transport operator’s stock.
Other analysts also recently issued reports about the company. Liberum Capital raised their target price on FirstGroup from GBX 130 ($1.70) to GBX 140 ($1.83) and gave the company a buy rating in a research note on Wednesday, August 14th. Royal Bank of Canada restated an outperform rating on shares of FirstGroup in a research note on Tuesday, June 25th. Finally, Canaccord Genuity raised their target price on FirstGroup from GBX 91 ($1.19) to GBX 109 ($1.42) and gave the company a hold rating in a research note on Tuesday, June 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 119.25 ($1.56).
Shares of FirstGroup stock opened at GBX 123.10 ($1.61) on Thursday. The business has a 50-day moving average of GBX 109.28 and a 200-day moving average of GBX 102.20. The company has a debt-to-equity ratio of 108.25, a current ratio of 1.01 and a quick ratio of 0.87. The company has a market capitalization of $1.50 billion and a PE ratio of -22.38. FirstGroup has a 1-year low of GBX 77.95 ($1.02) and a 1-year high of GBX 125 ($1.63).
In other news, insider Ryan Mangold purchased 47,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of GBX 119 ($1.55) per share, for a total transaction of £56,525 ($73,859.92). Insiders purchased 47,920 shares of company stock valued at $5,697,368 over the last quarter.
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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