Berenberg Bank Increases FirstGroup (LON:FGP) Price Target to GBX 205

FirstGroup (LON:FGPFree Report) had its price objective upped by Berenberg Bank from GBX 195 ($2.50) to GBX 205 ($2.63) in a research note released on Monday, Marketbeat reports. The brokerage currently has a buy rating on the transport operator’s stock.

Separately, Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 200 ($2.56) price target on shares of FirstGroup in a research note on Wednesday, June 12th.

Check Out Our Latest Stock Analysis on FirstGroup

FirstGroup Trading Up 2.8 %

LON FGP opened at GBX 170.70 ($2.19) on Monday. FirstGroup has a 1-year low of GBX 134.90 ($1.73) and a 1-year high of GBX 189 ($2.42). The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 288.86. The company has a market capitalization of £1.08 billion, a PE ratio of -17,070.00, a price-to-earnings-growth ratio of 5.21 and a beta of 1.42. The firm’s fifty day simple moving average is GBX 165.77 and its 200-day simple moving average is GBX 167.92.

FirstGroup Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 23rd. Shareholders of record on Thursday, July 18th will be given a dividend of GBX 4 ($0.05) per share. This represents a yield of 2.36%. This is an increase from FirstGroup’s previous dividend of $1.50. The ex-dividend date is Thursday, July 18th. FirstGroup’s dividend payout ratio is presently -40,000.00%.

About FirstGroup

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for FirstGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstGroup and related companies with MarketBeat.com's FREE daily email newsletter.