FirstGroup (LON:FGP) Share Price Passes Above 200-Day Moving Average - Time to Sell?

FirstGroup plc (LON:FGP - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 183.12 ($2.43) and traded as high as GBX 223.60 ($2.97). FirstGroup shares last traded at GBX 218.20 ($2.90), with a volume of 953,397 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank raised their target price on FirstGroup from GBX 215 ($2.85) to GBX 240 ($3.19) and gave the stock a "buy" rating in a research report on Monday, July 7th.

FirstGroup Stock Up 0.7%

The firm has a market capitalization of £1.33 billion, a PE ratio of -105.60, a P/E/G ratio of 5.21 and a beta of 1.59. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 257.49. The stock has a 50-day simple moving average of GBX 216.39 and a 200-day simple moving average of GBX 184.32.

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%. Analysts forecast that FirstGroup plc will post 17.3782772 EPS for the current year.

Insider Buying and Selling at FirstGroup

In related news, insider Ryan Mangold sold 950,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of GBX 224 ($2.97), for a total transaction of £2,128,000 ($2,824,528.80). Company insiders own 3.64% of the company's stock.

About FirstGroup

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.