FirstGroup plc 26.0% potential upside indicated by Berenberg Bank

FirstGroup plc with ticker (LON:FGP) now has a potential upside of 26.0% according to Berenberg Bank.



Berenberg Bank set a target price of 170 GBX for the company, which when compared to the FirstGroup plc share price of 135 GBX at opening today (18/07/2023) indicates a potential upside of 26.0%. Trading has ranged between 90 (52 week low) and 150 (52 week high) with an average of 2,163,281 shares exchanging hands daily. The market capitalisation at the time of writing is £989,364,626.

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.