FirstGroup (LON:FGP) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• FirstGroup plc's stock price recently surpassed its 200-day moving average, with the last traded price at GBX 224.40 ($3.01) compared to the moving average of GBX 190.60 ($2.56).
• Berenberg Bank upgraded their price target for FirstGroup from GBX 215 to GBX 240 and assigned a "buy" rating, contributing to a current consensus "buy" rating for the stock.
• Insiders sold nearly 2 million shares worth over £3.6 million in the past three months, indicating significant transaction activity among company executives.

FirstGroup plc (LON:FGP - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 190.60 ($2.56) and traded as high as GBX 226.80 ($3.04). FirstGroup shares last traded at GBX 224.40 ($3.01), with a volume of 667,286 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their price target on FirstGroup from GBX 215 to GBX 240 and gave the company a "buy" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 240.

FirstGroup Trading Down 0.5%

The stock has a fifty day simple moving average of GBX 224.88 and a 200 day simple moving average of GBX 190.60. The firm has a market capitalization of £1.32 billion, a P/E ratio of -104.85, a PEG ratio of 5.21 and a beta of 1.59. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 257.49.

FirstGroup (LON:FGP - Get Free Report) last released its earnings results on Tuesday, June 10th. The transport operator reported GBX 19.40 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, research analysts forecast that FirstGroup plc will post 17.3782772 EPS for the current year.

Insider Buying and Selling at FirstGroup

In other FirstGroup news, insider Graham Sutherland sold 458,035 shares of FirstGroup stock in a transaction on Monday, August 18th. The shares were sold at an average price of GBX 226, for a total value of £1,035,159.10. Also, insider Ryan Mangold sold 950,000 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of GBX 224, for a total transaction of £2,128,000. Insiders sold 1,930,497 shares of company stock worth $434,342,322 in the last three months. Insiders own 3.64% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.