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

FirstGroup (LON:FGP) had its price objective raised by research analysts at Berenberg Bank from GBX 240 to GBX 255 in a note issued to investors on Monday,London Stock Exchange reports. The firm currently has a “buy” rating on the transport operator’s stock. Berenberg Bank’s price target indicates a potential upside of 43.26% from the company’s current price.

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

FirstGroup Stock Performance

Shares of FirstGroup stock opened at GBX 178 on Monday. FirstGroup has a one year low of GBX 152.10 and a one year high of GBX 240.40. The company has a market cap of £961.68 million, a PE ratio of 8.64, a P/E/G ratio of 5.21 and a beta of 0.71. 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 business has a 50-day simple moving average of GBX 175.51 and a 200-day simple moving average of GBX 178.16.

FirstGroup (LON:FGP) last announced its quarterly earnings data on Thursday, June 18th. The transport operator reported GBX 20.30 EPS for the quarter. FirstGroup had a net margin of 2.49% and a return on equity of 17.75%. The company had revenue of GBX 475.19 billion for the quarter. On average, equities research analysts forecast that FirstGroup will post 17.3782772 EPS for the current fiscal year.

FirstGroup Company Profile

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.