FirstGroup plc (FGP) Given Consensus Recommendation of “Hold” by Brokerages

Shares of FirstGroup plc (LON:FGP) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 112.50 ($1.47).

Several analysts have recently commented on FGP shares. Liberum Capital reiterated a “buy” rating and issued a GBX 110 ($1.44) price target on shares of FirstGroup in a research report on Friday, September 7th. Citigroup lowered their price target on shares of FirstGroup from GBX 128 ($1.67) to GBX 87 ($1.14) and set a “neutral” rating on the stock in a research report on Thursday, June 28th. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 100 ($1.31) price target (down from GBX 111 ($1.45)) on shares of FirstGroup in a research report on Thursday, August 23rd.

In other news, insider Wolfhart Hauser bought 11,089 shares of the firm’s stock in a transaction that occurred on Wednesday, July 25th. The shares were purchased at an average price of GBX 89 ($1.16) per share, for a total transaction of £9,869.21 ($12,895.87). In the last 90 days, insiders have purchased 32,221 shares of company stock worth $2,973,115.

FGP stock opened at GBX 89.65 ($1.17) on Friday. FirstGroup has a 12 month low of GBX 77.60 ($1.01) and a 12 month high of GBX 154.50 ($2.02).

About FirstGroup

FirstGroup plc provides passenger transport services. The company's First Student segment provides student transportation services through a fleet of approximately 44,000 yellow school buses in North America. This segment also offers charter hire services for school and non-school activities. Its First Transit segment offers public transit management and contracting services, including fixed route, paratransit, shuttle, and vehicle maintenance services to transit authorities, such as federal, state, and local transportation departments, as well as for private institutions, including universities, hospitals, and airports in North America.

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Analyst Recommendations for FirstGroup (LON:FGP)

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