FirstGroup (LON:FGP) Insider Sells £1,035,159.10 in Stock

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 FirstGroup stock in a transaction dated Monday, August 18th. The shares were sold at an average price of GBX 226, for a total value of £1,035,159.10.

FirstGroup Trading Up 1.2%

Shares of FGP stock traded up GBX 2.60 during mid-day trading on Friday, reaching GBX 227. 1,004,139 shares of the stock traded hands, compared to its average volume of 2,502,767. The stock's fifty day simple moving average is GBX 224.87 and its two-hundred day simple moving average is GBX 191.43. FirstGroup plc has a 1-year low of GBX 128.60 and a 1-year high of GBX 240.40. The company has a market cap of £1.33 billion, a price-to-earnings ratio of -106.06, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 257.49.

FirstGroup (LON:FGP - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The transport operator reported GBX 19.40 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 anticipate that FirstGroup plc will post 17.3782772 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.