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FirstGroup (LON:FGP) Stock Price Passes Above 200-Day Moving Average - Here's Why

FirstGroup logo with Industrials background

FirstGroup plc (LON:FGP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 174.97 ($2.40) and traded as high as GBX 233 ($3.20). FirstGroup shares last traded at GBX 232.76 ($3.20), with a volume of 1,670,080 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 215 ($2.95) price target on shares of FirstGroup in a report on Tuesday, April 22nd.

Check Out Our Latest Stock Report on FGP

FirstGroup Stock Performance

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 firm's fifty day moving average price is GBX 197.29 and its two-hundred day moving average price is GBX 174.97. The stock has a market capitalization of £1.34 billion, a PE ratio of -106.53, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59.

FirstGroup (LON:FGP - Get Free Report) last issued its quarterly earnings results on Tuesday, June 10th. The transport operator reported GBX 19.40 ($0.27) 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%. As a group, equities research analysts forecast that FirstGroup plc will post 17.3782772 EPS for the current year.

Insider Buying and Selling

In other FirstGroup news, insider Ryan Mangold sold 950,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of GBX 224 ($3.08), for a total value of £2,128,000 ($2,924,281.98). 3.64% of the stock is owned by insiders.

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.

Further Reading

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