Canaccord Genuity initiated coverage on shares of FirstGroup (LON:FGP) in a research note issued to investors on Tuesday. The brokerage issued a hold rating and a GBX 91 ($1.19) price target on the transport operator’s stock.
FGP has been the subject of a number of other research reports. Liberum Capital reaffirmed a buy rating on shares of FirstGroup in a research note on Tuesday, November 13th. JPMorgan Chase & Co. dropped their price target on FirstGroup from GBX 163 ($2.13) to GBX 133 ($1.74) and set an overweight rating for the company in a research note on Wednesday, November 14th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 99.11 ($1.30).
Shares of FirstGroup stock opened at GBX 93.25 ($1.22) on Tuesday. FirstGroup has a 52-week low of GBX 77.60 ($1.01) and a 52-week high of GBX 154.50 ($2.02).
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.
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