FirstGroup Expands with Acquisition of Tetley’s Coaches

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

FirstGroup plc has acquired Tetley’s Motor Services Limited, a Leeds-based coach and bus operator with a fleet of 55 vehicles and a strong contract portfolio in Central Leeds and the West Yorkshire area. This strategic acquisition aims to expand FirstGroup’s operational footprint and contract portfolio in key markets, complementing its existing businesses and enhancing its market share in adjacent services.

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 plc shows a robust financial and strategic position, with notable improvements in profitability and operational efficiency. The company’s strategic initiatives, including a substantial share buyback program and positive technical indicators, further strengthen its market position. Despite high leverage, the strong cash flow and attractive valuation metrics make it a compelling investment opportunity.

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, with around 29,000 employees and reported revenue of £5.1 billion. The company operates a large fleet of buses and trains, serving a significant portion of the UK population. FirstGroup is committed to sustainability, aiming for a zero-emission bus fleet by 2035 and supporting the removal of diesel-only trains by 2040. It has received high ESG ratings and is recognized for its clean operations.

Average Trading Volume: 1,665,858

Technical Sentiment Signal: Buy

Current Market Cap: £1.21B

For a thorough assessment of FGP stock, go to TipRanks’ Stock Analysis page.