FirstGroup (LON:FGP) Insider Graham Sutherland Sells 458,035 Shares

Key Points

• Graham Sutherland, an insider at FirstGroup plc, sold 458,035 shares at an average price of GBX 226, totaling over £1 million.
• FirstGroup has a market capitalization of £1.33 billion and recent earnings indicate a negative net margin of 0.34%.
• Analysts from Berenberg Bank raised their target price for FirstGroup’s shares from GBX 215 to GBX 240, indicating a positive outlook and a "buy" rating.

FirstGroup plc (LON:FGP - Get Free Report) insider Graham Sutherland sold 458,035 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of GBX 226, for a total transaction of £1,035,159.10.

FirstGroup Price Performance

Shares of LON FGP traded up GBX 0.80 during trading on Tuesday, hitting GBX 226. The company had a trading volume of 883,115 shares, compared to its average volume of 2,531,038. FirstGroup plc has a 52 week low of GBX 128.60 and a 52 week high of GBX 240.40. The company has a debt-to-equity ratio of 257.49, a quick ratio of 0.74 and a current ratio of 0.69. The company has a market cap of £1.33 billion, a P/E ratio of -105.60, a PEG ratio of 5.21 and a beta of 1.59. The business's 50-day moving average is GBX 224.58 and its 200 day moving average is GBX 189.68.

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their target price on shares of FirstGroup from GBX 215 to GBX 240 and gave the stock a "buy" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, FirstGroup currently has an average rating of "Buy" and a consensus target price of GBX 240.

About FirstGroup

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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