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Firstgroup ( (GB:FGP) ) has shared an update.
FirstGroup PLC, a UK-based company, has announced a change in the voting rights held by BlackRock, Inc., a major shareholder. The notification reveals that BlackRock’s total voting rights in FirstGroup have slightly decreased to 5.71%, consisting of 4.92% direct voting rights and 0.79% through financial instruments. This adjustment in holdings may influence FirstGroup’s shareholder dynamics and potentially impact strategic decisions.
The most recent analyst rating on (GB:FGP) stock is a Buy with a £205.00 price target. To see the full list of analyst forecasts on Firstgroup stock, see the GB:FGP Stock Forecast page.
Spark’s Take on GB:FGP Stock
According to Spark, TipRanks’ AI Analyst, GB:FGP is a Outperform.
Firstgroup’s stock is favorably positioned with strong financial performance, attractive valuation, and positive corporate actions. Technical indicators support a growing momentum. High leverage is a risk factor, but strategic initiatives such as share buybacks and employee share plans bolster confidence.
To see Spark’s full report on GB:FGP stock, click here.
More about Firstgroup
Average Trading Volume: 1,637,101
Technical Sentiment Signal: Buy
Current Market Cap: £1.23B
For a thorough assessment of FGP stock, go to TipRanks’ Stock Analysis page.