Today RBC Capital Markets Reaffirms a Sector Performer Rating on FirstGroup PLC (LON:FGP) and a GBX 110.00 Target Price


FirstGroup PLC (LON:FGP) Rating Reaffirmed

They currently have a GBX 110.00 target price on FirstGroup PLC (LON:FGP). The target price by RBC Capital Markets would suggest a potential upside of 6.81% from the company’s price per share. This has been revealed to clients and investors in a note on 14 December.

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 24.85% above today’s (GBX 102.99) stock price. FirstGroup PLC was the topic of 36 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 14 with “Sector Performer” rating. Barclays Capital maintained shares with “Equalweight” rating and GBX 123 target share price in a report from a November 16. Investec maintained FGP stock in a recent report from December 10 with “Buy” rating. Jefferies maintained the rating on November 13. Jefferies has a “Hold” rating and a GBX 120 price target on shares. Finally, Liberum Capital maintained the stock with “Buy” rating in a report issued on a December 9.

Approximately 88,271 shares of stock traded hands. FirstGroup plc (LON:FGP) has declined 7.98% since May 15, 2015 and is downtrending. It has underperformed by 3.56% the S&P500.

Today RBC Capital Markets Reaffirms a Sector Performer Rating on FirstGroup PLC (LON:FGP) and a GBX 110.00 Target Price

The overall sentiment of institutions has decreased to 0.93 in Q2 2015. Its down 0.45, from 1.38 in 2015Q2. The ratio worsened, 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 insider buy, and a total of 0 sales 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 18.65 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.”