FirstGroup plc (LON:FGP) Insider Acquires £108,472 in Stock

FirstGroup plc (LON:FGP) insider Matthew Gregory acquired 83,440 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average price of GBX 130 ($1.70) per share, for a total transaction of £108,472 ($141,737.88).

The company’s 50 day moving average is GBX 118.83 and its 200 day moving average is GBX 105.36. FirstGroup plc has a 1 year low of GBX 77.95 ($1.02) and a 1 year high of GBX 132.91 ($1.74). The stock has a market capitalization of $1.60 billion and a P/E ratio of -23.93. The company has a debt-to-equity ratio of 108.25, a current ratio of 1.01 and a quick ratio of 0.87.

Several brokerages have recently commented on FGP. Liberum Capital raised their target price on FirstGroup from GBX 130 ($1.70) to GBX 140 ($1.83) and gave the stock a “buy” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. lowered their price target on FirstGroup from GBX 145 ($1.89) to GBX 142 ($1.86) and set an “overweight” rating on the stock in a report on Thursday, August 15th. Royal Bank of Canada reissued an “outperform” rating on shares of FirstGroup in a research report on Tuesday, June 25th. Finally, Canaccord Genuity increased their price objective on FirstGroup from GBX 109 ($1.42) to GBX 124 ($1.62) and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 124.14 ($1.62).

FirstGroup Company Profile

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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Insider Buying and Selling by Quarter for FirstGroup (LON:FGP)

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