FirstGroup (LON:FGP) Sets New 52-Week High - Here's Why

Shares of FirstGroup plc (LON:FGP - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as GBX 206.80 ($2.81) and last traded at GBX 206 ($2.80), with a volume of 3073904 shares changing hands. The stock had previously closed at GBX 193.80 ($2.63).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 215 ($2.92) price objective on shares of FirstGroup in a research note on Tuesday, April 22nd.

FirstGroup Stock Performance

The firm has a market capitalization of £1.34 billion, a P/E ratio of -106.34, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The stock has a 50-day moving average of GBX 179.52 and a 200 day moving average of GBX 168.55. The company has a debt-to-equity ratio of 257.49, a quick ratio of 0.74 and a current ratio of 0.69.

FirstGroup (LON:FGP - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The transport operator reported GBX 19.40 ($0.26) earnings per share (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 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Ryan Mangold sold 950,000 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of GBX 224 ($3.04), for a total value of £2,128,000 ($2,887,381.28). Company insiders own 3.64% of the company's stock.

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.