FirstGroup (LON:FGP) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• FirstGroup's stock price has surpassed its 200-day moving average, with a recent high of GBX 224.60 ($3.02) and a last traded price of GBX 222.20 ($2.99).
• Berenberg Bank raised their price target for FirstGroup shares from GBX 215 to GBX 240, indicating a "buy" rating.
• Insider transactions were notable, with key insiders selling a total of approximately £2 million worth of shares recently at an average price of GBX 226.

FirstGroup plc (LON:FGP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 201.77 ($2.71) and traded as high as GBX 224.60 ($3.02). FirstGroup shares last traded at GBX 222.20 ($2.99), with a volume of 1,534,618 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank upped their price objective on shares of 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, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of GBX 240.

FirstGroup Trading Down 0.3%

The company has a debt-to-equity ratio of 257.49, a current ratio of 0.69 and a quick ratio of 0.74. The business's 50 day simple moving average is GBX 222.04 and its 200 day simple moving average is GBX 201.77. The stock has a market cap of £1.21 billion, a P/E ratio of 1,083.90, a PEG ratio of 5.21 and a beta of 1.59.

Insider Activity at FirstGroup

In related news, insider Ryan Mangold sold 472,462 shares of FirstGroup stock in a transaction that occurred on 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 FirstGroup stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of GBX 226, for a total transaction of £1,035,159.10. 1.02% of the stock is currently owned by company insiders.

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.

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