FirstGroup (LON:FGP) Hits New 52-Week High - What's Next?

FirstGroup plc (LON:FGP - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as GBX 192.40 ($2.56) and last traded at GBX 185 ($2.46), with a volume of 581049 shares traded. The stock had previously closed at GBX 183.70 ($2.44).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 215 ($2.86) price objective on shares of FirstGroup in a report on Tuesday, April 22nd.

FirstGroup Price Performance

The firm has a 50 day moving average price of GBX 168.13 and a two-hundred day moving average price of GBX 161.05. The company has a market cap of £1.10 billion, a P/E ratio of -87.46, a P/E/G ratio of 5.21 and a beta of 1.59. The company has a debt-to-equity ratio of 257.49, a quick ratio of 0.74 and a current ratio of 0.69.

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.