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

FirstGroup plc (LON:FGP - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 231.20 ($3.17) and last traded at GBX 230 ($3.16), with a volume of 1423787 shares traded. The stock had previously closed at GBX 225.20 ($3.09).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and set a GBX 215 ($2.95) target price on shares of FirstGroup in a report on Tuesday, April 22nd.

FirstGroup Stock Performance

The company has a fifty day moving average of GBX 193.28 and a two-hundred day moving average of GBX 173.53. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 257.49. The stock has a market capitalization of £1.36 billion, a price-to-earnings ratio of -108.03, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59.

FirstGroup (LON:FGP - Get Free Report) last released its earnings results on Tuesday, June 10th. The transport operator reported GBX 19.40 ($0.27) earnings per share (EPS) for the quarter. FirstGroup had a negative return on equity of 2.54% and a negative net margin of 0.34%. On average, research analysts expect that FirstGroup plc will post 17.3782772 EPS for the current year.

Insiders Place Their Bets

In related news, insider Ryan Mangold sold 950,000 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of GBX 224 ($3.07), for a total value of £2,128,000 ($2,920,268.97). Company insiders own 3.64% of the company's stock.

FirstGroup Company Profile

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.