FirstGroup PLC Financial Update

FirstGroup PLC, an international passenger group with operations in bus and rail transportation across the United Kingdom and North America, has been active in the financial markets recently. The company, listed on the London Stock Exchange, has seen its share price fluctuate, with a close price of 234 GBP on July 9, 2025. The stock has experienced a 52-week high of 238.2 GBP on June 12, 2025, and a low of 1.501 GBP on January 9, 2025. The market capitalization stands at 1.28 billion GBP, with a price-to-earnings ratio of 11.13.

Share Price Developments

On July 9, 2025, FirstGroup shares reached a critical level, as reported by ii.co.uk. The stock achieved a price of 238p, closely approaching the long-term target price of 239p set in March. However, it stalled just below this level, suggesting potential resistance at 238p. This development is significant as it indicates a possible ceiling for the stock price, which could impact investor sentiment and future trading strategies.

Share Buyback Program

FirstGroup has been actively participating in its share buyback program, as detailed in multiple announcements from July 9 to July 10, 2025. The company purchased 622,414 shares on July 8, 654,683 shares on July 9, and 606,131 shares on July 10, through RBC Europe Limited. The weighted average prices paid for these shares were 225.51p, 224.09p, and 221.85p, respectively. Following these transactions, FirstGroup holds 172,720,420 ordinary shares in treasury. This buyback initiative is part of a broader strategy to manage share supply and potentially enhance shareholder value.

Director/PDMR Shareholding

On July 11, 2025, FirstGroup announced the grant of 6,105,523 options to 2,522 employees under its Save as You Earn (SAYE) share plan. This plan is an all-employee scheme, with savings contracts commencing on September 1, 2025, and options typically exercisable six months from September 1, 2028. This move is aimed at incentivizing employees and aligning their interests with the company’s long-term performance.

Market Performance and Analyst Opinions

FirstGroup’s share price crossed above its 200-day moving average on July 10, 2025, trading as high as 226.80 GBP. The stock’s 200-day moving average is 177.35 GBP. Analysts have responded positively, with Berenberg Bank increasing their price target from 215 GBP to 240 GBP and maintaining a “buy” rating. This optimistic outlook reflects confidence in the company’s strategic initiatives and market position.

Overall, FirstGroup PLC continues to navigate the financial markets with strategic share buybacks, employee incentive plans, and positive analyst coverage, positioning itself for potential growth in the ground transportation sector.