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Firstgroup ( (GB:FGP) ) has shared an announcement.
FirstGroup has been selected as the preferred operator for the London Overground rail network contract, starting from May 2026, with an initial eight-year term and an option for a two-year extension. The contract, valued at approximately £3 billion, involves First Rail London Limited managing train services and stations, while Transport for London retains revenue risk. This partnership aims to enhance service levels, improve customer experience, and advance sustainability initiatives, aligning with TfL’s Vision Zero and emission reduction goals. The announcement marks a strategic move for FirstGroup to diversify and expand its portfolio, strengthening its position in the public transport sector.
The most recent analyst rating on (GB:FGP) stock is a Hold with a £189.00 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 is driven by strong financial performance and positive corporate events. The stock’s attractive valuation and positive earnings call further support its potential. However, bearish technical indicators suggest caution in the short term.
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, providing essential services that support economic, social, and environmental goals. First Bus is one of the largest bus operators in the UK, while First Rail is an experienced rail operator managing long-distance, commuter, regional, and sleeper rail services. FirstGroup is committed to sustainability, aiming for a zero-emission bus fleet by 2035 and supporting the removal of diesel-only trains by 2040.
Average Trading Volume: 1,476,148
Technical Sentiment Signal: Hold
Current Market Cap: £953.2M
For detailed information about FGP stock, go to TipRanks’ Stock Analysis page.