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FirstGroup (LON:FGP) Hits New 52-Week High - Time to Buy?

FirstGroup logo with Industrials background

FirstGroup plc (LON:FGP - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 231.20 ($3.13) and last traded at GBX 230 ($3.11), with a volume of 1423787 shares changing hands. The stock had previously closed at GBX 225.20 ($3.05).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 215 ($2.91) price objective on shares of FirstGroup in a research report on Tuesday, April 22nd.

View Our Latest Analysis on FirstGroup

FirstGroup Price Performance

The stock's fifty day moving average is GBX 189.33 and its 200-day moving average is GBX 172.21. The company has a debt-to-equity ratio of 257.49, a current ratio of 0.69 and a quick ratio of 0.74. The stock has a market capitalization of £1.35 billion, a P/E ratio of -107.46, a PEG ratio of 5.21 and a beta of 1.59.

FirstGroup (LON:FGP - Get Free Report) last posted its 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 return on equity of 2.54% and a negative net margin of 0.34%. On average, equities analysts anticipate that FirstGroup plc will post 17.3782772 earnings per share for the current year.

Insider Activity

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 ($3.03), for a total value of £2,128,000 ($2,881,126.46). 3.64% of the stock is owned by company insiders.

FirstGroup Company Profile

(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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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