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The latest update is out from Firstgroup ( (GB:FGP) ).
FirstGroup plc has announced a change in its board structure as Ant Green, the Employee Director, will not seek re-election at the upcoming AGM. In response to significant changes in the UK bus and rail industries, the company will replace the Employee Director position with a designated Non-executive Director, Myrtle Dawes, to ensure employee perspectives are represented in board discussions. This strategic move is part of FirstGroup’s restructuring efforts to better align with industry shifts and enhance stakeholder engagement.
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 Neutral.
FirstGroup’s overall stock score reflects mixed financial performance with challenges in profitability and leverage, countered by positive cash flows. The stock’s technical indicators show bearish momentum, but its attractive valuation metrics, including a low P/E ratio and decent dividend yield, provide a buffer. Recent corporate actions, such as the share buyback and strategic acquisitions, further enhance the outlook, despite not directly impacting the score calculation due to weight redistribution.
To see Spark’s full report on GB:FGP stock, click here.
More about Firstgroup
FirstGroup plc is a leading private sector provider of public transport services in the UK, generating £5.1 billion in revenue and employing around 30,000 people. The company operates First Bus, one of the largest bus operators in the UK, and First Rail, a major rail operator. FirstGroup is committed to sustainability, aiming for a zero-emission bus fleet by 2035 and supporting the removal of diesel-only trains by 2040. The company has received high ESG ratings and is recognized for its clean operations.
Average Trading Volume: 1,673,283
Technical Sentiment Signal: Buy
Current Market Cap: £1.24B
For an in-depth examination of FGP stock, go to TipRanks’ Stock Analysis page.