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A statement released earlier today by JP Morgan Cazenove about FirstGroup PLC (LON:FGP) bumps down the target price to 163.00GBX

JP Morgan Cazenove bumped down the target of FirstGroup PLC (LON:FGP) to 163.00GBX stating a potential upside of 0%.

Boasting a price of 0.00GBX, FirstGroup PLC (LON:FGP) traded 0.82% higher on the day. With the last close down -11.69% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. The company has recorded a 50-day moving average of 112.58GBX and a 200-day moving average of 124.78GBX. 1,386,105 shares of the stock were exchanged, down from an average trading volume of 1,561,510

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FirstGroup PLC (LON:FGP)

FirstGroup PLC has a 52 week low of 99.18GBX and a 52 week high of 154.50GBX with a P/E ratio of 11.98 The company’s market cap is currently 0 GBX.

In addition to JP Morgan Cazenove reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is 119.02GBX with 3 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 6 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On FirstGroup PLC (LON:FGP)

FirstGroup plc is a transport operator in the United Kingdom and North America. The Company operates through five segments: First Student, First Transit, Greyhound, First Bus and First Rail. The First Student is a provider of student transportation in North America and operates a fleet of over 47,000 school buses, with over six million student journeys per school day. The First Transit is a private sector provider of public transit management and contracting in North America, and operates and manages over 12,500 vehicles. Greyhound is an operator of scheduled intercity coach services in the United States and Canada, and serves over 3,800 destinations through a fleet of over 1,700 vehicles. First Bus is a bus operator in the United Kingdom. First Rail is a rail operator, which carries approximately 140 million passengers across its over two franchises. First Rail operates Great Western Railway (GWR) and TransPennine Express (TPE) franchises and open access service First Hull Trains.

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