FirstGroup plc 17.3% potential upside indicated by Berenberg Bank

FirstGroup plc with ticker (LON:FGP) now has a potential upside of 17.3% according to Berenberg Bank.



Berenberg Bank set a target price of 150 GBX for the company, which when compared to the FirstGroup plc share price of 124 GBX at opening today (26/05/2022) indicates a potential upside of 17.3%. Trading has ranged between 72 (52 week low) and 138 (52 week high) with an average of 1,425,287 shares exchanging hands daily. The market capitalisation at the time of writing is £967,641,642.

FirstGroup plc is a provider of public transport services in the United Kingdom and North America. The Company operates through segments such as, First Bus and First Rail. First Bus is a bus operator in the United Kingdom with a fleet of approximately 5,000 buses. It serves 40 of the United Kingdom’s towns and cities, including two-thirds of the United Kingdom’s 15 conurbations. First Rail is a rail operator that operates a fleet of approximately 3,750 rail vehicles through four management fee-based train operating companies that include Avanti, Great Western Railway (GWR), South Western Railway (SWR) and TransPennine Express (TPE) franchises and two open access passenger rail services, namely Hull Trains and Lumo, its East Cost service. Its services include long-distance, commuter, regional and sleeper rail services. The Company offers its services for business, education, health, social or recreational purposes.