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

FirstGroup (LON:FGP) had its price objective upped by Berenberg Bank from GBX 240 to GBX 255 in a report published on Monday morning, Marketbeat Ratings reports. They currently have a buy rating on the transport operator’s stock.

Separately, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 255 target price 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 data from MarketBeat.com, FirstGroup has an average rating of “Buy” and an average target price of GBX 251.25.

FirstGroup Price Performance

Shares of LON FGP opened at GBX 181.52 on Monday. FirstGroup has a 52 week low of GBX 152.10 and a 52 week high of GBX 240.40. The company has a quick ratio of 0.74, a current ratio of 0.73 and a debt-to-equity ratio of 163.00. The firm has a market cap of £980.71 million, a P/E ratio of 8.81, a P/E/G ratio of 5.21 and a beta of 0.71. The business’s 50 day moving average price is GBX 176.35 and its 200 day moving average price is GBX 177.91.

FirstGroup (LON:FGP) last announced its quarterly earnings results on Thursday, June 18th. The transport operator reported GBX 20.30 earnings per share for the quarter. The company had revenue of GBX 475.19 billion for the quarter. FirstGroup had a return on equity of 17.75% and a net margin of 2.49%. On average, sell-side analysts expect that FirstGroup will post 17.3782772 earnings per share for the current 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.