Ratings Don’t Lie: HSBC Says Its Time To Downgrade FirstGroup PLC (LON:FGP)

November 24, 2016 - By whatsonthorold

FirstGroup PLC (LON:FGP) Downgrade

HSBC was cut to “Reduce” and currently has GBX 95.00 target price per share on FirstGroup PLC (LON:FGP)‘s stock. This was revealed to clients in a report on Thursday morning.

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 13.77% above today’s (GBX 102.95) stock price. FirstGroup PLC has been the topic of 80 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Equalweight” rating by Barclays Capital given on Monday, September 7. The rating was maintained by Citigroup on Friday, January 29 with “Neutral”. As per Thursday, October 8, the company rating was upgraded by UBS. The stock of FirstGroup plc (LON:FGP) has “Neutral” rating given on Monday, November 9 by Nomura. As per Thursday, June 16, the company rating was maintained by Liberum Capital. The stock of FirstGroup plc (LON:FGP) earned “Overweight” rating by JP Morgan on Friday, May 13. On Wednesday, May 11 the stock rating was maintained by Liberum Capital with “Buy”. As per Monday, November 16, the company rating was maintained by Barclays Capital. The rating was maintained by Deutsche Bank on Wednesday, November 4 with “Hold”. Barclays Capital maintained it with “Equal Weight” rating and GBX 115 target price in Monday, February 22 report.

About 2.22M shares traded hands or 1.83% 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 earnings per share, down 27.27% or $0.09 from last year’s $-0.33 per share. After $-2.51 actual earnings per share 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.

Delta Asset Limited Liability Company Tn accumulated 400 shares or 0% of the stock. The Virginia-based Bb&T Securities Limited Liability Company has invested 0.03% in FirstGroup plc (LON:FGP). Piershale last reported 0% of its portfolio in the stock. Manufacturers Life Insur Com The last reported 3,085 shares in the company. Cambridge Inv Advsr holds 0.03% or 85,617 shares in its portfolio. Albert D Mason has 49,750 shares for 0.53% of their US portfolio. Wealthtrust reported 514 shares or 0.01% of all its holdings. Keybank National Association Oh holds 29,000 shares or 0% of its portfolio. Stifel accumulated 0% or 12,603 shares. Royal Commercial Bank Of Canada last reported 238,531 shares in the company. Jpmorgan Chase holds 0% of its portfolio in FirstGroup plc (LON:FGP) for 300,452 shares. Focused Wealth Inc last reported 0% of its portfolio in the stock. Envestnet Asset holds 12,686 shares or 0% of its portfolio. Moreover, Plante Moran Fincl Advsrs Llc has 0.09% invested in FirstGroup plc (LON:FGP) for 6,489 shares. California Public Employees Retirement Systems accumulated 0.01% or 354,900 shares.

Insider Transactions: Since October 4, 2016, the stock had 2 insider buys, and 0 selling transactions for $141,220 net activity. $43,360 worth of FirstGroup plc (LON:FGP) was bought by Clifford Stephen M on Thursday, October 6. 10,300 shares with value of $97,860 were bought by Starling David L on Tuesday, October 4.

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 12.01 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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