FirstGroup Executes Share Buyback Program

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

FirstGroup plc has executed a share buyback program, purchasing 431,541 of its ordinary shares at a weighted average price of 224.95 pence per share. This transaction, conducted through RBC Europe Limited, is part of a previously announced buyback initiative. Following this purchase, FirstGroup holds 167,505,791 shares in treasury, with a total of 583,189,224 shares in issue excluding treasury shares. The company may cancel these treasury shares in the future, impacting the total voting rights available to 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 operates in the transportation industry, providing public transport services across the UK and North America. The company focuses on bus and rail services, aiming to offer reliable and efficient transportation solutions to its customers.

Average Trading Volume: 1,451,940

Technical Sentiment Signal: Buy

Current Market Cap: £1.27B

For an in-depth examination of FGP stock, go to TipRanks’ Overview page.