FirstGroup PLC (LON:FGP) Rating Reaffirmed
In a recent report finalized this morning, JP Morgan Cazenove reiterated their Overweight rating on FirstGroup PLC (LON:FGP) shares. The PT would possibly suggest a possible upside of 59.04% from company’s previous stock close.
From a total of 14 analysts covering FirstGroup PLC (LON:FGP) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is GBX 178 while the lowest target price is GBX 100. The mean of all analyst targets is GBX 124.29 with a 18.57% above today’s (GBX 104.2) stock price. FirstGroup PLC was the topic of 33 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 10 with “Overweight” rating. Jefferies maintained shares with “Hold” rating and GBX 120 target share price in a report from a November 13. Jefferies maintained FGP stock in a recent report from November 25 with “Hold” rating. Investec maintained the rating on November 13. Investec has a “Buy” rating and a GBX 128 price target on shares. Finally, Barclays Capital maintained the stock with “Equalweight” rating in a report issued on a November 16.
Approximately 67,674 shares of stock traded hands. FirstGroup plc (LON:FGP) has declined 6.80% since May 13, 2015 and is downtrending. It has underperformed by 4.87% the S&P500.
The overall sentiment of institutions has decreased to 0.93 in Q2 2015. Its down 0.45, from 1.38 in 2015Q2. The ratio fall, as 14 institutions have sold all the shares of FirstGroup plc that they owned while 30 funds have taken shares off the table. 12 funds have purchased shares for the first time while 29 added to their positions. These institutions now hold 10.98 million shares or 7.63% less than the 11.88 million shares they owned in 2015Q2.
The Fund Texas Yale Capital Corp. currently is holding shares equating to 1% of its total portfolio in FirstGroup plc representing a total of 547,735 shares. Another fund,Albert D Mason Inc, is holding a total of 75,537 shares equating to 0.92% of their holdings. Additionally, Novare Capital Management Llc has a 156,514 share stake in FirstGroup plc which represents 0.85% of their total portfolio. The Fund, Global X Management Co Llc, based out of New York, has also built up a stake in the stock, which represents a total of 0.45% of their total portfolio. Finally Arrow Investment Advisors Llc, a fund which is based in the state of Maryland reported a total holdings of 58,652 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 17, 2015, shareholders of FirstGroup plc have witnessed 1 buying transaction, and a total of 0 selling transactions equating to a net activity of approximately $98,000 . Kaye Daniel G bought 5,000 shares worth approximately $98,000. Mcgathey Boyd H bought 1,000 shares worth approximately $22,300. Heitmann Alan C bought 4,200 shares worth approximately $94,332. Wambold Stephen L bought 5,000 shares worth approximately $111,291.
FirstGroup plc is a United Kingdom-based transport operator in United Kingdom and North America. The company has a market cap of 1.24 billion GBP. The Firm operates through five divisions: First Student, First Transit, Greyhound, UK Bus and UK Rail. It has 18.87 P/E ratio. The First Student is the well-known provider of student transportation in North America.
According to Zacks Investment Research, “FERRELLGAS PARTNERS, L.P. is engaged in the sale, distribution, marketing and trading of propane and other natural gas liquids.” Get a free copy of the Zacks research report on FirstGroup plc (FGP).