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FirstGroup (LON:FGP) Reaches New 52-Week High - Still a Buy?

FirstGroup logo with Industrials background

Shares of FirstGroup plc (LON:FGP - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as GBX 238 ($3.25) and last traded at GBX 228 ($3.11), with a volume of 1395683 shares. The stock had previously closed at GBX 233 ($3.18).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 215 ($2.93) target price on shares of FirstGroup in a research report on Tuesday, April 22nd.

Read Our Latest Stock Report on FGP

FirstGroup Price Performance

The company has a market cap of £1.30 billion, a price-to-earnings ratio of -103.45, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The company has a fifty day moving average price of GBX 201.01 and a two-hundred day moving average price of GBX 176.14. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 257.49.

FirstGroup (LON:FGP - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The transport operator reported GBX 19.40 ($0.26) earnings per share for the quarter. FirstGroup had a negative net margin of 0.34% and a negative return on equity of 2.54%. As a group, equities research analysts anticipate that FirstGroup plc will post 17.3782772 EPS for the current fiscal year.

Insider Buying and Selling at FirstGroup

In other news, insider Ryan Mangold sold 950,000 shares of FirstGroup stock in a transaction dated Friday, June 13th. The shares were sold at an average price of GBX 224 ($3.06), for a total transaction of £2,128,000 ($2,904,326.46). Company insiders own 3.64% of the company's stock.

About FirstGroup

(Get Free Report)

FirstGroup plc provides public transport services in the United Kingdom. The company operates through First Bus and First Rail segments. The First Bus segment offers local bus services with a fleet of approximately 4,900 buses in the United Kingdom. The First Rail segment operates a passenger rail network that provides long-distance, commuter, regional, and sleeper services through a portfolio of Great Western Railway, South Western Railway, TransPennine Express, and Avanti West Coast franchises; and hull trains and Lumos.

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