FirstGroup plc with ticker (LON:FGP) now has a potential upside of 18.8% according to Berenberg Bank.
Berenberg Bank set a target price of 195 GBX for the company, which when compared to the FirstGroup plc share price of 164 GBX at opening today (03/05/2024) indicates a potential upside of 18.8%. Trading has ranged between 110 (52 week low) and 189 (52 week high) with an average of 922,239 shares exchanging hands daily. The market capitalisation at the time of writing is £1,063,995,405.
FirstGroup plc is a private-sector provider of public transport services in the United Kingdom. The Company operates through two divisions: First Bus and First Rail. First Bus is a regional bus operator in the United Kingdom with a fleet of approximately 5,000 buses. It operates over 4,900 buses and serves two-thirds of the United Kingdom’s 15 conurbations. First Rail is a rail operator that operates a fleet of approximately 3,800 rail vehicles. First Rail operates four major United Kingdom train operating companies, including Avanti West Coast, Great Western Railway (GWR), Southwestern Railway (SWR) and TransPennine Express (TPE), and two open access passenger rail services, Hull Trains, and Lumo. The Company’s subsidiaries include First Aberdeen Limited, First Beeline Buses Limited, First Cymru Buses Limited, First Eastern Counties Buses Limited, First Essex Buses Limited, First Hampshire and Dorset Limited, First Manchester Limited, and First Midland Red Buses Limited.
FirstGroup plc 18.8% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
FirstGroup has acquired RATP’s Tootbus sightseeing operations in London and Bath for around £17 million, adding 63 buses, two depots and 190 staff.
FirstGroup has been named the preferred operator for the London Overground rail network under a new contract awarded by Transport for London.
FirstGroup has secured Office of Rail and Road approval to extend Lumo services to Glasgow Queen Street from December 2025, adding weekday and Sunday calls at Falkirk High and Edinburgh Haymarket, plus an additional daily Newcastle–London return.
FirstGroup plc has acquired Leeds‑based Tetley’s Motor Services Limited, adding 55 coaches and buses and a robust portfolio of school, university, workplace shuttle and private‑hire contracts across the West Yorkshire Combined Authority Area.
FirstGroup plc holds its AGM today at 14:30, noting its year-to-date trading performance aligns with the guidance set out in the FY 2025 results. The Group expects to maintain adjusted earnings per share in FY 2026 through operational excellence and disciplined capital deployment.
FirstGroup plc announces a leadership change as Employee Director Ant Green steps down, transitioning to a designated Non-executive Director for workforce engagement.
