Berenberg Bank Boosts FirstGroup (LON:FGP) Price Target to GBX 195

FirstGroup (LON:FGP - Get Free Report) had its price target raised by investment analysts at Berenberg Bank from GBX 191 ($2.40) to GBX 195 ($2.45) in a note issued to investors on Tuesday, Marketbeat reports. The brokerage presently has a "buy" rating on the transport operator's stock. Berenberg Bank's target price indicates a potential upside of 17.90% from the stock's current price.

FirstGroup Stock Performance

FirstGroup stock traded up GBX 3.20 ($0.04) during trading hours on Tuesday, hitting GBX 165.40 ($2.08). The company had a trading volume of 539,723 shares, compared to its average volume of 1,071,939. The firm has a 50-day moving average of GBX 170.07 and a 200 day moving average of GBX 166.79. The company has a debt-to-equity ratio of 288.86, a current ratio of 0.76 and a quick ratio of 0.74. The firm has a market cap of £1.06 billion, a PE ratio of -8,270.00, a PEG ratio of 5.21 and a beta of 1.41. FirstGroup has a one year low of GBX 109.80 ($1.38) and a one year high of GBX 189 ($2.37).

Insider Buying and Selling

In related news, insider David Martin acquired 100,000 shares of the company's stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of GBX 182 ($2.29) per share, with a total value of £182,000 ($228,614.50). 3.59% of the stock is currently owned by company 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.