FirstGroup (LON:FGP) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

FirstGroup plc (LON:FGP - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 156.82 ($2.09) and traded as high as GBX 166.80 ($2.22). FirstGroup shares last traded at GBX 164.60 ($2.19), with a volume of 500,476 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 215 ($2.86) price target on shares of FirstGroup in a research report on Tuesday, April 22nd.

FirstGroup Trading Up 1.4 %

The firm has a market cap of £1.02 billion, a price-to-earnings ratio of -80.69, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The business has a 50 day moving average of GBX 164.37 and a 200 day moving average of GBX 157.67. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 257.49.

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.