FirstGroup’s (FGP) “Buy” Rating Reaffirmed at Berenberg Bank

FirstGroup (LON:FGP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research note issued to investors on Monday, Marketbeat reports. They currently have a GBX 205 ($2.62) price objective on the transport operator’s stock. Berenberg Bank’s price target suggests a potential upside of 24.92% from the company’s previous close.

FirstGroup Stock Up 6.5 %

Shares of FGP opened at GBX 164.10 ($2.10) on Monday. The company has a market capitalization of £986.08 million, a P/E ratio of -8,205.00, a PEG ratio of 5.21 and a beta of 1.59. FirstGroup has a one year low of GBX 128.60 ($1.64) and a one year high of GBX 189 ($2.41). The business’s 50 day simple moving average is GBX 142.43 and its 200-day simple moving average is GBX 155.32. The company has a debt-to-equity ratio of 256.40, a current ratio of 0.69 and a quick ratio of 0.74.

Insider Buying and Selling

In related news, insider Graham Sutherland bought 20,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were purchased at an average price of GBX 153 ($1.95) per share, with a total value of £30,600 ($39,095.44). Corporate insiders own 3.64% of the company’s stock.

About FirstGroup

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.