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An update from Firstgroup ( (GB:FGP) ) is now available.
FirstGroup plc has announced the completion of the first tranche of its £50 million on-market share buyback programme, with RBC Europe Limited purchasing £25 million worth of shares. The second tranche, also valued at £25 million, will now commence under the management of Panmure Liberum Limited. This buyback initiative reflects FirstGroup’s strategic financial management, potentially enhancing shareholder value and demonstrating confidence in the company’s financial health and future prospects.
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
FirstGroup plc is a leading private sector provider of public transport services in the UK, employing around 29,000 people and generating a revenue of £5.1 billion in FY 2025. The company operates through its divisions, First Bus and First Rail, which are among the largest bus and rail operators in the UK. 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 been recognized for its environmental efforts, receiving high ESG ratings and sustainability accolades.
Average Trading Volume: 1,650,950
Technical Sentiment Signal: Buy
Current Market Cap: £1.2B
For a thorough assessment of FGP stock, go to TipRanks’ Stock Analysis page.