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An update from Firstgroup ( (GB:FGP) ) is now available.
FirstGroup plc has completed its on-market share buyback programme, repurchasing 22,439,652 shares at an average price of 222.81 pence per share, totaling nearly £50 million. This buyback is part of FirstGroup’s strategic financial management, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
The most recent analyst rating on (GB:FGP) stock is a Hold with a £232.00 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 primarily by its solid financial performance and attractive valuation. The company’s strong cash flow and improved profitability are significant strengths, while the technical analysis indicates some short-term uncertainty. The absence of earnings call data and corporate events means these factors do not influence the score.
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, employing around 29,000 people and generating £5.1 billion in revenue. The company operates First Bus, one of the largest bus operators in the UK, and First Rail, a major rail operator. 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 received high ESG ratings and is recognized for its clean operations.
Average Trading Volume: 1,174,025
Technical Sentiment Signal: Buy
Current Market Cap: £1.21B
Learn more about FGP stock on TipRanks’ Stock Analysis page.