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

FirstGroup plc (LON:FGP - Get Free Report)'s share price was up 12.1% during mid-day 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 were traded 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 reiterated a "buy" rating and set a GBX 215 ($2.90) price target on shares of FirstGroup in a research note on Tuesday, April 22nd.

FirstGroup Trading Up 0.3%

The company has a debt-to-equity ratio of 257.49, a current ratio of 0.69 and a quick ratio of 0.74. The firm has a market cap of £1.28 billion, a price-to-earnings ratio of -101.76, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The business's 50-day moving average price is GBX 176.52 and its two-hundred day moving average price is GBX 167.71.

FirstGroup (LON:FGP - Get Free Report) last posted 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%. Equities analysts expect that FirstGroup plc will post 17.3782772 earnings per share 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.