Shares in transport operator FirstGroup (LSE: FGP) sank by 5% today after it released a profit warning. The company has found trading challenging in its third quarter, with First Bus revenues being negatively affected by lower-than-forecast high street ...
FirstGroup plc provides passenger transport services principally in the United Kingdom and North America. The company's First Student segment provides student transportation in North America with a fleet of approximately 49,000 school buses i... more.
JP Morgan noted a target price of 153 on Firstgroup PLC's shares. According to this price target, it now means the analyst believes there is a potential increase of 54.47% from the company's current share price of 99.05.
UK rail accounted for 43% of FirstGroup's sales, and 20% of its operating profits last year, and if the passenger loss is translated directly into lost operating profit, today's news could shave around �13m from First Group's operating profits next year.