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Firstgroup ( (GB:FGP) ) has issued an update.
FirstGroup plc has executed a share buyback transaction, purchasing 87,418 of its ordinary shares at an average price of 229.70 pence per share. This move is part of its ongoing share buyback programme, and the acquired shares are currently held in treasury, potentially impacting the company’s share capital structure and voting rights.
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 strong corporate events and technical indicators drive a positive outlook, supported by solid financial performance. The valuation is attractive, though high leverage remains a risk.
To see Spark’s full report on GB:FGP stock, click here.
More about Firstgroup
FirstGroup plc operates in the transportation industry, providing bus and rail services primarily in the UK. The company focuses on delivering public transport solutions and has a significant presence in the UK market.
Average Trading Volume: 1,579,460
Technical Sentiment Signal: Buy
Current Market Cap: £1.27B
Find detailed analytics on FGP stock on TipRanks’ Stock Analysis page.