FirstGroup (LON:FGP) Stock Price Up 12.1% - Still a Buy?

Shares of FirstGroup plc (LON:FGP - Get Free Report) traded up 12.1% during trading on Wednesday . The company traded as high as GBX 219.80 ($2.98) and last traded at GBX 217.20 ($2.95). 6,579,389 shares changed hands during trading, an increase of 120% from the average session volume of 2,986,402 shares. The stock had previously closed at GBX 193.80 ($2.63).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 215 ($2.92) price target on shares of FirstGroup in a research report on Tuesday, April 22nd.

FirstGroup Stock Up 0.6%

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 market cap of £1.34 billion, a price-to-earnings ratio of -106.34, a PEG ratio of 5.21 and a beta of 1.59. The business's fifty day moving average is GBX 181.02 and its two-hundred day moving average is GBX 169.06.

FirstGroup (LON:FGP - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The transport operator reported GBX 19.40 ($0.26) EPS for the quarter. FirstGroup had a negative net margin of 0.34% and a negative return on equity of 2.54%. Equities analysts forecast that FirstGroup plc will post 17.3782772 earnings per share for the current fiscal year.

Insider Buying and Selling

In other FirstGroup news, insider Ryan Mangold sold 950,000 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of GBX 224 ($3.04), for a total transaction of £2,128,000 ($2,889,341.48). 3.64% of the stock is 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.