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

Shares of FirstGroup plc (LON:FGP - Get Free Report) rose 12.1% during trading on Tuesday . The stock traded as high as GBX 219.80 ($2.97) and last traded at GBX 217.20 ($2.93). Approximately 6,579,389 shares changed hands during mid-day trading, an increase of 120% from the average daily volume of 2,986,402 shares. The stock had previously closed at GBX 193.80 ($2.62).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 215 ($2.90) price objective on shares of FirstGroup in a research report on Tuesday, April 22nd.

FirstGroup Trading Up 0.3%

The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 257.49. The company 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 fifty day simple moving average of GBX 176.52 and a two-hundred day simple moving average of GBX 167.71.

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

About FirstGroup

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.