FirstGroup (LON:FGP) Price Target Raised to GBX 255 at Berenberg Bank

FirstGroup (LON:FGP) had its price objective raised by Berenberg Bank from GBX 240 to GBX 255 in a research note published on Monday, MarketBeat reports. Berenberg Bank currently has a buy rating on the transport operator’s stock.

Separately, Royal Bank Of Canada restated an “outperform” rating and set a GBX 255 price target on shares of FirstGroup in a research report on Monday, July 6th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, FirstGroup presently has an average rating of “Buy” and a consensus price target of GBX 251.25.

FirstGroup Stock Performance

FirstGroup stock opened at GBX 175.87 on Monday. The stock’s 50 day simple moving average is GBX 175.72 and its two-hundred day simple moving average is GBX 178.05. The company has a debt-to-equity ratio of 163.00, a quick ratio of 0.74 and a current ratio of 0.73. The stock has a market cap of £950.15 million, a price-to-earnings ratio of 8.54, a PEG ratio of 5.21 and a beta of 0.71. FirstGroup has a fifty-two week low of GBX 152.10 and a fifty-two week high of GBX 240.40.

FirstGroup (LON:FGP) last posted its earnings results on Thursday, June 18th. The transport operator reported GBX 20.30 earnings per share for the quarter. FirstGroup had a return on equity of 17.75% and a net margin of 2.49%.The firm had revenue of GBX 475.19 billion for the quarter. As a group, analysts expect that FirstGroup will post 17.3782772 earnings per share for the current fiscal year.

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.