Shares of FirstGroup plc (LON:FGP - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 199.80 ($2.69) and traded as high as GBX 217.80 ($2.93). FirstGroup shares last traded at GBX 217.40 ($2.92), with a volume of 1,450,806 shares traded.
Analysts Set New Price Targets
Separately, Berenberg Bank upped their target price on FirstGroup from GBX 215 to GBX 240 and gave the stock a "buy" rating in a report on Monday, July 7th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of GBX 240.
View Our Latest Research Report on FGP
FirstGroup Price Performance
The firm has a 50 day moving average price of GBX 221.89 and a 200 day moving average price of GBX 199.80. 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 stock has a market capitalization of £1.19 billion, a PE ratio of 1,060.49, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59.
Insiders Place Their Bets
In other news, insider Ryan Mangold sold 472,462 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of GBX 226, for a total transaction of £1,067,764.12. Also, insider Graham Sutherland sold 458,035 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of GBX 226, for a total transaction of £1,035,159.10. Corporate insiders own 1.02% of the company's stock.
About FirstGroup
(
Get Free Report)
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.
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