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

FirstGroup plc (LON:FGP - Get Free Report)'s share price 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). 6,579,389 shares traded hands during 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).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 215 ($2.90) target price on shares of FirstGroup in a report on Tuesday, April 22nd.

FirstGroup Stock Up 0.3%

The company's fifty day moving average is GBX 176.52 and its 200-day moving average is GBX 167.71. The company has a market capitalization of £1.28 billion, a PE ratio of -101.76, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The company has a debt-to-equity ratio of 257.49, a quick ratio of 0.74 and a current ratio of 0.69.

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 (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, analysts predict that FirstGroup plc will post 17.3782772 EPS for the current fiscal 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.