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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  FirstGroup    FGP   GB0003452173

FIRSTGROUP

(FGP)
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Real-time Estimate Quote. Real-time Estimate Cboe Europe - 05/27 11:30:00 am
56.375 GBX   -0.92%
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News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

FirstGroup : End of the line is mooted for UK rail franchises caught in Covid-19 panic

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03/23/2020 | 01:11am EDT

TRAIN operators are running short on time to agree new contracts with the government as the coronavirus outbreak continues to drive down passenger numbers.

Go Ahead Group and First Group run the Great Western and South Eastern franchises respectively, the contracts for which end by 1 April.

Under the Railways Act, the government will step in as the operator of last resort if the firms do not agree an extension to the deals.

However, due to the financial pressure caused by the coronavirus epidemic, the two firms are struggling to get bank guarantees they need to run the services, the Sunday Telegraph reported.

The outbreak has hammered the two firms, with First Group shedding almost half its share value and Go Ahead losing two-thirds.

Both firms stressed that discussions with the government were ongoing, saying that the issues were industry wide.

A First Group spokesperson said: "The entire industry is in urgent discussions with government about how to continue operating our vital services in the short term and beyond."

In the same vein, a Southeastern spokesperson said: "We are in the final stages of discussions with the Department for Transport (DfT) regarding a potential direct award contract for Southeastern."

(c) 2020 City A.M., source Newspaper

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Financials (GBP)
Sales 2020 7 689 M
EBIT 2020 327 M
Net income 2020 48,3 M
Debt 2020 826 M
Yield 2020 -
P/E ratio 2020 5,07x
P/E ratio 2021 -1,88x
EV / Sales2020 0,20x
EV / Sales2021 0,23x
Capitalization 691 M
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Technical analysis trends FIRSTGROUP
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 99,40 GBp
Last Close Price 56,90 GBp
Spread / Highest target 146%
Spread / Average Target 74,7%
Spread / Lowest Target 5,45%
EPS Revisions
Managers
NameTitle
Matthew Gregory Chief Executive Officer, COO & Executive Director
David Robert Martin Non-Executive Chairman
Ryan Dirk Mangold Chief Financial Officer & Director
Warwick Brady Independent Non-Executive Director
Martha Poulter Independent Non-Executive Director
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