FirstGroup’s (LON:FGP) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of FirstGroup (LON:FGP) in a research note issued to investors on Tuesday, May 29th.

FGP has been the topic of several other reports. Liberum Capital restated a buy rating and set a GBX 125 ($1.66) target price on shares of FirstGroup in a report on Tuesday, April 24th. Deutsche Bank reiterated a hold rating on shares of FirstGroup in a research note on Thursday, April 12th. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 163 ($2.17) target price on shares of FirstGroup in a research report on Thursday, February 1st. Shore Capital reissued a buy rating on shares of FirstGroup in a research report on Wednesday, February 21st. Finally, Canaccord Genuity reissued a hold rating and set a GBX 110 ($1.46) target price on shares of FirstGroup in a research report on Wednesday, February 21st. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 115.30 ($1.54).

FirstGroup traded down GBX 0.85 ($0.01), reaching GBX 84 ($1.12), during trading hours on Tuesday, Marketbeat reports. 4,462,040 shares of the stock were exchanged, compared to its average volume of 3,850,000. FirstGroup has a 52 week low of GBX 77.60 ($1.03) and a 52 week high of GBX 154.50 ($2.06).

FirstGroup (LON:FGP) last posted its earnings results on Thursday, May 31st. The transport operator reported GBX 12.30 ($0.16) EPS for the quarter, beating the consensus estimate of GBX 12.10 ($0.16) by GBX 0.20 ($0.00). FirstGroup had a return on equity of 0.21% and a net margin of 0.04%.

In other FirstGroup news, insider Tim O’Toole bought 18,083 shares of the stock in a transaction dated Friday, March 23rd. The shares were bought at an average cost of GBX 78 ($1.04) per share, with a total value of £14,104.74 ($18,778.78). Also, insider David Robbie bought 30,000 shares of the stock in a transaction dated Thursday, May 31st. The shares were acquired at an average cost of GBX 92 ($1.22) per share, for a total transaction of £27,600 ($36,746.11). Over the last ninety days, insiders bought 60,591 shares of company stock worth $5,605,734.

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.

Analyst Recommendations for FirstGroup (LON:FGP)

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