FirstGroup plc (LON:FGP) had its price objective trimmed by Canaccord Genuity from GBX 135 ($1.78) to GBX 110 ($1.45) in a research note released on Wednesday morning. The brokerage currently has a hold rating on the transport operator’s stock.
Other analysts have also recently issued research reports about the stock. reaffirmed a hold rating and set a GBX 160 ($2.10) price target on shares of FirstGroup plc in a research report on Friday, November 3rd. HSBC Holdings PLC reaffirmed a hold rating and set a GBX 160 ($2.10) price target on shares of FirstGroup plc in a research report on Friday, November 3rd. J P Morgan Chase & Co cut their price target on shares of FirstGroup plc from GBX 171 ($2.25) to GBX 163 ($2.14) and set an overweight rating on the stock in a research report on Wednesday. Liberum Capital reaffirmed a buy rating and set a GBX 165 ($2.17) price target on shares of FirstGroup plc in a research report on Wednesday, July 19th. Finally, Shore Capital reaffirmed a buy rating on shares of FirstGroup plc in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 142.17 ($1.87).
Shares of FirstGroup plc (FGP) traded up GBX 2.20 ($0.03) on Wednesday, reaching GBX 103.20 ($1.36). 2,956,442 shares of the company’s stock were exchanged, compared to its average volume of 1,760,000. FirstGroup plc has a twelve month low of GBX 97.45 ($1.28) and a twelve month high of GBX 154.50 ($2.03).
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In other FirstGroup plc news, insider Tim O’Toole bought 7,175 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were bought at an average price of GBX 116 ($1.53) per share, for a total transaction of £8,323 ($10,946.99). Insiders have bought a total of 22,104 shares of company stock worth $2,500,963 in the last three months.
About FirstGroup plc
FirstGroup plc is a transport operator in the United Kingdom and North America. The Company operates through five segments: First Student, First Transit, Greyhound, First Bus and First Rail. The First Student is a provider of student transportation in North America and operates a fleet of over 47,000 school buses, with over six million student journeys per school day.
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