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

FirstGroup logo with Industrials background

FirstGroup plc (LON:FGP - Get Free Report)'s share price rose 12.1% during trading on Tuesday . The stock traded as high as GBX 219.80 ($2.99) and last traded at GBX 217.20 ($2.96). Approximately 6,579,389 shares changed hands during trading, an increase of 120% from the average daily volume of 2,986,402 shares. The stock had previously closed at GBX 193.80 ($2.64).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 215 ($2.93) target price on shares of FirstGroup in a research note on Tuesday, April 22nd.

Check Out Our Latest Research Report on FGP

FirstGroup Price Performance

The stock has a market capitalization of £1.34 billion, a PE ratio of -106.34, a PEG ratio of 5.21 and a beta of 1.59. The business has a fifty day moving average price of GBX 179.52 and a 200-day moving average price of GBX 168.55. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 257.49.

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%. Research analysts expect that FirstGroup plc will post 17.3782772 EPS for the current fiscal year.

Insider Buying and Selling at FirstGroup

In other FirstGroup news, insider Ryan Mangold sold 50,000 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of GBX 225 ($3.06), for a total value of £112,500 ($153,165.42). Insiders own 3.64% of the company's stock.

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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