Published On: Wed, Sep 21st, 2016

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Deutsche Bank AG began coverage on shares of FirstGroup plc (LON:FGP) in a note issued to investors on Wednesday. The brokerage set a “sell” rating and a GBX 94 ($1.23) price target on the transport operator’s stock. Deutsche Bank AG’s target price would suggest a potential downside of 14.16% from the stock’s previous close.
Several other brokerages also recently issued reports on FGP. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 151 ($1.97) target price on shares of FirstGroup plc in a research note on Monday, June 27th. Canaccord Genuity started coverage on shares of FirstGroup plc in a research report on Monday. They set a “hold” rating and a GBX 110 ($1.44) price objective on the stock. Royal Bank Of Canada restated an “underperform” rating and set a GBX 85 ($1.11) price objective on shares of FirstGroup plc in a research report on Tuesday, July 19th. Shore Capital restated a “buy” rating on shares of FirstGroup plc in a research report on Tuesday, June 14th. Finally, HSBC increased their price objective on shares of FirstGroup plc from GBX 95 ($1.24) to GBX 100 ($1.31) and gave the company a “hold” rating in a research report on Wednesday, June 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 117.07 ($1.53).
FirstGroup plc (LON:FGP) opened at 108.40 on Wednesday. FirstGroup plc has a one year low of GBX 79.55 and a one year high of GBX 116.10. The firm has a 50-day moving average of GBX 106.85 and a 200 day moving average of GBX 101.47. The company’s market capitalization is GBX 1.31 billion.

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In other news, insider Gregory,Matthew sold 232,360 shares of the stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of GBX 100 ($1.31), for a total value of £232,360 ($303,302.44). Also, insider O’Toole,Tim acquired 7,988 shares of FirstGroup plc stock in a transaction dated Monday, July 25th. The stock was purchased at an average cost of GBX 99 ($1.29) per share, with a total value of £7,908.12 ($10,322.57).
FirstGroup plc Company Profile
FirstGroup plc is a United Kingdom-based transport operator in United Kingdom and North America. The Company operates through five segments: First Student, First Transit, Greyhound, UK Bus and UK Rail. The First Student is the provider of student transportation in North America. The First Transit is the private sector providers of public transit management and contracting in North America.

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