FirstGroup shares might rebound on the significant threshold currently tested.

From a fundamental viewpoint, Surperformance ratings underlines the advantageous valuation and profitability levels of the company. Analysts are optimistic on the stock and target GBp 136 on average.

Technically, the security is in a consolidation area limited by the significant GBp 106.4 support. Above the lower limit, investors could aim a rebound toward the GBp 133 resistance area and the trendline around GBp 118 by extension.

As a result, active investors can take immediately a long position in FirstGroup thanks to the close proximity of the GBp 106.4 support area. The target price is GBp 113 and in case of breakout of this level, the second target price would be the GBp 117.7. If there is a breakdown of the GBp 106.4 support, investors should close their positions.