FirstGroup (LON:FGP) Earns Buy Rating from Berenberg Bank

FirstGroup (LON:FGP)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a note issued to investors on Monday, Marketbeat reports. They currently have a GBX 240 target price on the transport operator’s stock. Berenberg Bank’s price objective suggests a potential upside of 30.79% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Peel Hunt reissued a “buy” rating and issued a GBX 245 price target on shares of FirstGroup in a report on Tuesday, November 18th. Royal Bank Of Canada upped their target price on shares of FirstGroup from GBX 245 to GBX 250 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Finally, Panmure Gordon restated a “buy” rating and set a GBX 250 price target on shares of FirstGroup in a research report on Tuesday, November 18th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 246.25.

FirstGroup Stock Performance

LON:FGP opened at GBX 183.50 on Monday. The stock has a market cap of £996.64 million, a P/E ratio of 8.66, a PEG ratio of 5.21 and a beta of 1.59. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 257.49. The business’s 50-day moving average price is GBX 186.34 and its two-hundred day moving average price is GBX 207.11. FirstGroup has a twelve month low of GBX 136.61 and a twelve month high of GBX 240.40.

FirstGroup (LON:FGP) last issued its quarterly earnings data 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, equities analysts predict that FirstGroup will post 17.3782772 EPS for the current fiscal year.

Insider Buying and Selling

In other FirstGroup news, insider Lena Wilson CBE acquired 11,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was acquired at an average price of GBX 178 per share, for a total transaction of £19,580. Also, insider Graham Sutherland acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was acquired at an average price of GBX 179 per share, for a total transaction of £89,500. Insiders have acquired a total of 61,073 shares of company stock valued at $10,923,111 in the last ninety days. 1.03% of the stock is currently owned by corporate insiders.

About FirstGroup

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.