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

Shares of FirstGroup plc (LON:FGP - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as GBX 230 ($3.09) and last traded at GBX 226.40 ($3.04), with a volume of 1128886 shares changing hands. The stock had previously closed at GBX 227.60 ($3.05).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 215 ($2.89) price target on shares of FirstGroup in a report on Tuesday, April 22nd.

FirstGroup Price Performance

The stock has a market capitalization of £1.29 billion, a PE ratio of -102.24, 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 current ratio of 0.69 and a quick ratio of 0.74. The stock's fifty day moving average is GBX 185.38 and its 200-day moving average is GBX 170.54.

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 (EPS) for the quarter. FirstGroup had a negative net margin of 0.34% and a negative return on equity of 2.54%. As a group, equities analysts predict that FirstGroup plc will post 17.3782772 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ryan Mangold sold 950,000 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of GBX 224 ($3.01), for a total value of £2,128,000 ($2,855,609.23). 3.64% of the stock is currently owned by company insiders.

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.