Rating Flow: Is Firstgroup (LON:FGP) Worth Your Time After Placed HSBC’s Downgrade?

November 24, 2016 - By Marguerite Chambers

Firstgroup (LON:FGP) Downgrade

Firstgroup (LON:FGP)‘s rating was decreased by investment analysts at HSBC to a Reduce. They have a target of GBX 95.00 on FGP. HSBC’s target would suggest a potential downside of -7.68% from the stock’s close price.

FirstGroup plc (LON:FGP) Ratings Coverage

Out of 17 analysts covering FirstGroup PLC (LON:FGP), 6 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 35% are positive. GBX 184 is the highest target while GBX 85 is the lowest. The GBX 117.13 average target is 13.61% above today’s (GBX 103.1) stock price. FirstGroup PLC has been the topic of 80 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of FirstGroup plc (LON:FGP) earned “Hold” rating by HSBC on Tuesday, February 2. The firm has “Overweight” rating given on Wednesday, September 30 by JP Morgan. On Monday, October 5 the stock rating was maintained by Barclays Capital with “Equal Weight”. The company was maintained on Monday, July 18 by JP Morgan. On Monday, December 14 the stock rating was maintained by RBC Capital Markets with “Sector Performer”. The company was maintained on Friday, January 29 by Deutsche Bank. As per Friday, January 8, the company rating was maintained by Barclays Capital. UBS upgraded FirstGroup plc (LON:FGP) rating on Thursday, October 8. UBS has “Neutral” rating and GBX 108 price target. The stock has “Buy” rating given by Panmure Gordon on Thursday, January 28. Liberum Capital maintained the stock with “Buy” rating in Monday, February 1 report.

The stock decreased 3.55% or GBX 3.8 on November 24, hitting GBX 103.1. About 3.97 million shares traded hands or 82.11% up from the average. FirstGroup plc (LON:FGP) has risen 9.42% since April 26, 2016 and is uptrending. It has outperformed by 4.01% the S&P500.

Analysts await Ferrellgas Partners, L.P. (NYSE:FGP) to report earnings on December, 9 before the open. They expect $-0.42 EPS, down 27.27% or $0.09 from last year’s $-0.33 per share. After $-2.51 actual EPS reported by Ferrellgas Partners, L.P. for the previous quarter, Wall Street now forecasts -83.27% EPS growth.

Insitutional Activity: The institutional sentiment increased to 2.24 in 2016 Q2. Its up 1.19, from 1.05 in 2016Q1. The ratio increased, as 18 funds sold all FirstGroup plc shares owned while 21 reduced positions. 9 funds bought stakes while 32 increased positions. They now own 7.56 million shares or 2.23% less from 7.74 million shares in 2016Q1.

Fifth Third Comml Bank last reported 471 shares in the company. Piershale Financial Group Inc holds 61 shares or 0% of its portfolio. Moreover, Lpl Fincl Limited Com has 0.01% invested in FirstGroup plc (LON:FGP) for 55,892 shares. Ladenburg Thalmann Financial Service last reported 0.01% of its portfolio in the stock. Stifel Finance has 12,603 shares for 0% of their US portfolio. Joel Isaacson Co Limited Liability Co has 0% invested in the company for 520 shares. Moreover, Bank Of Montreal Can has 0% invested in FirstGroup plc (LON:FGP) for 3,000 shares. Van Eck holds 0.02% or 227,542 shares in its portfolio. Bancorp holds 0% or 14,671 shares in its portfolio. North Star Inv Mngmt Corporation accumulated 3,000 shares or 0.01% of the stock. Pnc Services Gp last reported 0% of its portfolio in the stock. Peak6 Ltd Partnership last reported 15,147 shares in the company. Citigroup last reported 8,807 shares in the company. Jag Capital Ltd Co has 0.05% invested in the company for 11,615 shares. Texas Yale Capital Corp has 416,146 shares for 0.76% of their US portfolio.

Insider Transactions: Since October 4, 2016, the stock had 2 insider purchases, and 0 insider sales for $141,220 net activity. Starling David L bought $97,860 worth of stock or 10,300 shares. The insider Clifford Stephen M bought $43,360.

FirstGroup plc is a transport operator in the United Kingdom and North America. The company has a market cap of 1.24 billion GBP. The Firm operates through five divisions: First Student, First Transit, Greyhound, First Bus and First Rail. It has a 12.03 P/E ratio. The First Student is a well-known provider of student transportation in North America and operates a fleet of over 47,000 school buses, with over six million student journeys per school day.

According to Zacks Investment Research, “FERRELLGAS PARTNERS, L.P. is engaged in the sale, distribution, marketing and trading of propane and other natural gas liquids.”

FGP Company Profile

Ferrellgas Partners, L.P., incorporated on April 19, 1994, is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics. The Company’s divisions include propane and related equipment sales, midstream operations-crude oil logistics, and corporate and other. The propane and related equipment sales segment consists of the distribution of propane and related equipment and supplies. The midstream operations-crude oil logistics segment is engaged in providing crude oil transportation and logistics services. The corporate and other segment includes midstream operations-water solutions. The Company’s two subsidiaries include Ferrellgas Partners Finance Corp. and the operating partnership. The Company’s general partner performs all management functions for the Company and holds general partner interest in Ferrellgas Partners and the operating partnership.

Another recent and important FirstGroup plc (LON:FGP) news was published by Uk.Finance.Yahoo.com which published an article titled: “Firstgroup plc (FGP.L)” on March 29, 2014.

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