May 12, 2026, 10:32 AMproactiveinvestors.co.ukFGROY
FirstGroup can grow despite rail nationalisation, says broker
Financial reports
FirstGroup PLC (LSE:FGP) can continue to grow despite the UK government's rail nationalisation plans, according to analysts at house broker Panmure Liberum, who said the transport group was replacing lower-quality rail contract earnings with more sustainable sources of profit. Reiterating its 'buy' rating and 260p target price, the broker argued that the market was overlooking the strength of FirstGroup's bus and open access rail businesses.
