FirstGroup CFO Acquires Shares Under SIP

The latest update is out from Firstgroup ( (GB:FGP) ).

FirstGroup plc announced that Ryan Mangold, the Executive Director and Chief Financial Officer, has purchased 81 ordinary shares under the company’s Share Incentive Plan (SIP) at a price of £1.8505 per share. This transaction, conducted on the London Stock Exchange, is part of the company’s ongoing efforts to align management interests with shareholder value, as per the Market Abuse Regulation 596/2014.

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 operates in the transportation industry, focusing on providing public transport services including bus and rail operations across the UK and North America.

Average Trading Volume: 1,741,117

Technical Sentiment Signal: Buy

Current Market Cap: £1.05B

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