Latest Stocks: FirstGroup plc (FGP) Stock Rating Reaffirmed by Investec

Latest Stocks: FirstGroup plc (FGP) Stock Rating Reaffirmed by Investec

FirstGroup plc (LON:FGP)‘s stock had its “buy” rating restated by investment analysts at Investec in a research note issued on Friday. They presently have a GBX 157 ($2.03) price target on the transport operator’s stock. Investec’s price objective would suggest a potential upside of 11.35% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Canaccord Genuity increased their target price on shares of FirstGroup plc from GBX 110 ($1.42) to GBX 125 ($1.62) and gave the company a “buy” rating in a report on Tuesday, March 28th. Shore Capital reiterated a “buy” rating on shares of FirstGroup plc in a report on Monday, March 27th. Liberum Capital reiterated a “buy” rating and issued a GBX 150 ($1.94) target price on shares of FirstGroup plc in a report on Monday, March 27th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 130 ($1.68) target price on shares of FirstGroup plc in a report on Wednesday, March 29th. Finally, HSBC Holdings plc upgraded shares of FirstGroup plc to a “hold” rating and increased their target price for the company from GBX 95 ($1.23) to GBX 120 ($1.55) in a report on Wednesday, February 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 141.50 ($1.83).

FirstGroup plc (LON FGP) opened at 142.70 on Friday. The stock has a 50 day moving average of GBX 141.36 and a 200-day moving average of GBX 119.96. FirstGroup plc has a 12 month low of GBX 87.75 and a 12 month high of GBX 154.50. The company’s market cap is GBX 1.72 billion.

In other FirstGroup plc news, insider Tim O’Toole bought 6,395 shares of the business’s stock in a transaction on Friday, March 24th. The stock was purchased at an average price of GBX 124 ($1.60) per share, for a total transaction of £7,929.80 ($10,246.54). About FirstGroup plc

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