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

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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.

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