FirstGroup CFO Acquires Shares Under Incentive Plan

Firstgroup ( (GB:FGP) ) just unveiled an announcement.

FirstGroup plc announced that Ryan Mangold, the Executive Director and Chief Financial Officer, purchased 72 ordinary shares under the company’s Share Incentive Plan. The shares were acquired at a price of £2.0826 each on the London Stock Exchange, highlighting the executive’s confidence in the company’s future performance and aligning his interests with those of shareholders.

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 provider in the transport industry, primarily focusing on bus and rail services across the UK and North America. The company is known for its commitment to sustainable travel solutions and operates a range of transportation services, including long-distance and regional train services, as well as local bus operations.

Average Trading Volume: 1,673,283

Technical Sentiment Signal: Buy

Current Market Cap: £1.24B

See more insights into FGP stock on TipRanks’ Stock Analysis page.