Berenberg Bank Reiterates Buy Rating for FirstGroup (LON:FGP)

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

FirstGroup Price Performance

Shares of FirstGroup stock opened at GBX 164.10 ($2.10) on Monday. FirstGroup has a 52 week low of GBX 128.60 ($1.64) and a 52 week high of GBX 189 ($2.41). The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 256.40. The stock has a market cap of £986.08 million, a PE ratio of -8,205.00, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The company’s 50-day moving average price is GBX 142.43 and its two-hundred day moving average price is GBX 155.32.

Insider Transactions at FirstGroup

In other news, insider Graham Sutherland acquired 20,000 shares of FirstGroup stock in a transaction dated Monday, September 16th. The stock was acquired at an average cost of GBX 153 ($1.95) per share, for a total transaction of £30,600 ($39,095.44). 3.64% 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.