FirstGroup (LON:FGP) Stock Price Up 12.1% - Here's What Happened

FirstGroup plc (LON:FGP - Get Free Report)'s stock price rose 12.1% on Tuesday . The company traded as high as GBX 219.80 ($2.99) and last traded at GBX 217.20 ($2.96). Approximately 6,579,389 shares traded 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 ($2.64).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 215 ($2.93) price target on shares of FirstGroup in a report on Tuesday, April 22nd.

FirstGroup Stock Up 0.6%

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 firm has a market capitalization of £1.34 billion, a P/E ratio of -106.34, a P/E/G ratio of 5.21 and a beta of 1.59. The stock has a fifty day moving average price of GBX 179.52 and a two-hundred day moving average price of GBX 168.55.

FirstGroup (LON:FGP - Get Free Report) last issued 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%. Research analysts forecast that FirstGroup plc will post 17.3782772 EPS 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.