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FirstGroup (LON:FGP) Trading 12.1% Higher - Time to Buy?

FirstGroup logo with Industrials background

FirstGroup plc (LON:FGP - Get Free Report)'s stock price rose 12.1% on Tuesday . The company traded as high as GBX 219.80 ($2.98) and last traded at GBX 217.20 ($2.94). Approximately 6,579,389 shares traded hands during mid-day trading, an increase of 120% from the average daily volume of 2,986,402 shares. The stock had previously closed at GBX 193.80 ($2.63).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 215 ($2.91) price target on shares of FirstGroup in a research report on Tuesday, April 22nd.

Read Our Latest Stock Report on FGP

FirstGroup Stock Performance

The business has a 50 day moving average price of GBX 177.93 and a two-hundred day moving average price of GBX 168.05. The stock has a market cap of £1.28 billion, a PE ratio of -101.76, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The company has a debt-to-equity ratio of 257.49, a current ratio of 0.69 and a quick ratio of 0.74.

FirstGroup (LON:FGP - Get Free Report) last announced its quarterly earnings results 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%. As a group, equities research analysts forecast that FirstGroup plc will post 17.3782772 EPS for the current fiscal year.

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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