FirstGroup (LON:FGP) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• FirstGroup plc recently traded above its 200-day moving average, reaching a high of GBX 225 ($3.04) and closing at GBX 221.60 ($2.99).
• Analysts from Berenberg Bank have raised their target price for FirstGroup from GBX 215 to GBX 240, giving the stock a "buy" rating and reflecting a consensus rating of "Buy."
• Insider sales included significant transactions from two executives on August 18th, with a total of 1,930,497 shares sold over the last ninety days.

FirstGroup plc (LON:FGP - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 193.19 ($2.60) and traded as high as GBX 225 ($3.02). FirstGroup shares last traded at GBX 221.60 ($2.98), with a volume of 859,878 shares changing hands.

Analyst Ratings Changes

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

FirstGroup Trading Down 0.3%

The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 257.49. The company has a fifty day simple moving average of GBX 224.44 and a 200-day simple moving average of GBX 194.38. The company has a market capitalization of £1.19 billion, a PE ratio of 1,048.78, a PEG ratio of 5.21 and a beta of 1.59.

FirstGroup (LON:FGP - Get Free Report) last announced 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%. Analysts predict that FirstGroup plc will post 17.3782772 EPS for the current year.

Insider Activity at FirstGroup

In related news, insider Ryan Mangold sold 472,462 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of GBX 226, for a total value of £1,067,764.12. Also, insider Graham Sutherland sold 458,035 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of GBX 226, for a total transaction of £1,035,159.10. In the last ninety days, insiders have sold 1,930,497 shares of company stock worth $434,342,322. Corporate insiders own 0.94% 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.