Latest Stocks: Shore Capital Reaffirms “Buy” Rating for FirstGroup plc (FGP)

Latest Stocks: Shore Capital Reaffirms “Buy” Rating for FirstGroup plc (FGP)

Shore Capital reissued their buy rating on shares of FirstGroup plc (LON:FGP) in a research report released on Thursday morning.

Several other brokerages have also weighed in on FGP. Canaccord Genuity boosted their price objective on 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. Liberum Capital reissued a buy rating and issued a GBX 150 ($1.94) price objective on shares of FirstGroup plc in a report on Monday, March 27th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 141 ($1.82) price objective on shares of FirstGroup plc in a report on Wednesday, February 8th. Royal Bank of Canada boosted their price objective on FirstGroup plc from GBX 90 ($1.16) to GBX 125 ($1.62) and gave the company an underperform rating in a report on Wednesday, April 5th. Finally, Jefferies Group LLC boosted their price objective on FirstGroup plc from GBX 120 ($1.55) to GBX 150 ($1.94) and gave the company a hold rating in a report on Tuesday, May 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 141.50 ($1.83).

FirstGroup plc (LON FGP) opened at 142.70 on Thursday. The stock has a 50 day moving average price of GBX 141.36 and a 200-day moving average price 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 stock’s market cap is GBX 1.72 billion.

In other FirstGroup plc news, insider Tim O’Toole sold 5,260 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of GBX 150 ($1.94), for a total value of £7,890 ($10,195.12). FirstGroup plc Company Profile

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