Trading is in line with management's expectations, with attractive price increases in North American school bus and further progress in UK bus. Nevertheless, given the lack of short-term earnings momentum we retain our Hold recommendation.
14 Jul 2015
Panmure Morning Note 14-07-15
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Panmure Morning Note 14-07-15
FirstGroup plc (FGP:LON) | 180 3.1 1.0% | Mkt Cap: 1,011m
- Published:
14 Jul 2015 -
Author:
Gert Zonneveld -
Pages:
3 -
Trading is in line with management's expectations, with attractive price increases in North American school bus and further progress in UK bus. Nevertheless, given the lack of short-term earnings momentum we retain our Hold recommendation.