FirstGroup (OTCMKTS:FGROY) Lifted to Buy at Zacks Investment Research

FirstGroup (OTCMKTS:FGROY – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, Zacks.com reports. The firm currently has a $1.50 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 7.14% from the company’s previous close.

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. “

Separately, Royal Bank of Canada raised shares of FirstGroup from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $1.50.

Shares of FGROY stock traded up $0.04 on Tuesday, hitting $1.40. The company’s stock had a trading volume of 20,000 shares, compared to its average volume of 27,350. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 0.83. FirstGroup has a fifty-two week low of $1.07 and a fifty-two week high of $1.44. The firm’s fifty day moving average price is $1.37 and its 200-day moving average price is $1.37.

FirstGroup Company Profile (Get Rating)

FirstGroup plc provides passenger transport services. The company operates through five segments: First Student, First Transit, Greyhound, First Bus, and First Rail. The First Student segment offers student transportation services through a fleet of approximately 43,000 yellow school buses in North America.

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