Berenberg Bank Boosts FirstGroup (LON:FGP) Price Target to GBX 240

FirstGroup (LON:FGP - Free Report) had its price target boosted by Berenberg Bank from GBX 215 ($2.92) to GBX 240 ($3.26) in a research report report published on Monday, Marketbeat.com reports. They currently have a buy rating on the transport operator's stock.

FirstGroup Stock Down 0.2%

Shares of LON:FGP traded down GBX 0.40 ($0.01) during midday trading on Monday, hitting GBX 220 ($2.99). 696,608 shares of the company's stock were exchanged, compared to its average volume of 2,835,144. The company has a debt-to-equity ratio of 257.49, a current ratio of 0.69 and a quick ratio of 0.74. The stock has a 50 day moving average price of GBX 205.10 and a 200-day moving average price of GBX 177.72. The company has a market cap of £1.29 billion, a PE ratio of -102.79, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. FirstGroup has a 12 month low of GBX 128.60 ($1.75) and a 12 month high of GBX 238.20 ($3.24).

FirstGroup (LON:FGP - Get Free Report) last posted its earnings results on Tuesday, June 10th. The transport operator reported GBX 19.40 ($0.26) EPS for the quarter. FirstGroup had a negative net margin of 0.34% and a negative return on equity of 2.54%. On average, sell-side analysts anticipate that FirstGroup will post 17.3782772 EPS for the current fiscal year.

Insiders Place Their Bets

In other FirstGroup news, insider Ryan Mangold sold 950,000 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of GBX 224 ($3.04), for a total value of £2,128,000 ($2,890,911.56). 3.64% of the stock is currently owned by insiders.

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.