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

FirstGroup plc (LON:FGP - Get Free Report) shot up 12.1% during mid-day trading on Tuesday . The company traded as high as GBX 219.80 ($2.98) and last traded at GBX 217.20 ($2.94). 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).

Analysts Set New Price Targets

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

FirstGroup Price Performance

The stock has a market cap of £1.28 billion, a PE ratio of -101.76, a P/E/G 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. The firm's 50 day moving average price is GBX 177.93 and its two-hundred day moving average price is GBX 168.05.

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

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.