FirstGroup (LON:FGP) Stock Price Passes Above 200-Day Moving Average - Here's Why

FirstGroup plc (LON:FGP - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 180.33 ($2.44) and traded as high as GBX 224.80 ($3.04). FirstGroup shares last traded at GBX 223.20 ($3.01), with a volume of 669,178 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank boosted their price objective on FirstGroup from GBX 215 ($2.90) to GBX 240 ($3.24) and gave the company a "buy" rating in a research report on Monday, July 7th.

FirstGroup Price Performance

The company has a debt-to-equity ratio of 257.49, a quick ratio of 0.74 and a current ratio of 0.69. The business's 50 day simple moving average is GBX 212.38 and its 200-day simple moving average is GBX 181.66. The stock has a market capitalization of £1.29 billion, a price-to-earnings ratio of -102.70, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59.

FirstGroup (LON:FGP - Get Free Report) last issued 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 anticipate that FirstGroup plc will post 17.3782772 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Ryan Mangold sold 950,000 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of GBX 224 ($3.03), for a total value of £2,128,000 ($2,874,510.33). 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.