FirstGroup (LON:FGP) Receives “Buy” Rating from Peel Hunt

Peel Hunt reissued their buy rating on shares of FirstGroup (LON:FGP) in a research note published on Tuesday, MarketBeat reports. The brokerage currently has a GBX 245 target price on the transport operator’s stock.

Separately, Panmure Gordon restated a “buy” rating and set a GBX 250 price objective on shares of FirstGroup in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 245.

FirstGroup Stock Down 9.3%

FirstGroup stock opened at GBX 181.80 on Tuesday. The stock has a 50 day moving average of GBX 212.20 and a two-hundred day moving average of GBX 213.14. FirstGroup has a twelve month low of GBX 136.61 and a twelve month high of GBX 240.40. The stock has a market capitalization of £987.41 million, a price-to-earnings ratio of 8.87, a PEG ratio of 5.21 and a beta of 1.59. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 257.49.

FirstGroup (LON:FGP) last released its quarterly earnings results on Tuesday, November 18th. The transport operator reported GBX 9.90 EPS for the quarter. FirstGroup had a negative return on equity of 2.54% and a negative net margin of 0.34%. As a group, research analysts expect that FirstGroup will post 17.3782772 earnings per share for the current year.

FirstGroup Company Profile

FirstGroup plc provides public transport services in the United Kingdom. The company operates through First Bus and First Rail segments. The First Bus segment offers local bus services with a fleet of approximately 4,900 buses in the United Kingdom. The First Rail segment operates a passenger rail network that provides long-distance, commuter, regional, and sleeper services through a portfolio of Great Western Railway, South Western Railway, TransPennine Express, and Avanti West Coast franchises; and hull trains and Lumos.