FirstGroup (LON:FGP) Trading Up 12.1% - Should You Buy?

FirstGroup plc (LON:FGP - Get Free Report)'s stock price was up 12.1% on Wednesday . The stock traded as high as GBX 219.80 ($2.98) and last traded at GBX 217.20 ($2.95). Approximately 6,579,389 shares were traded 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 ($2.63).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and set a GBX 215 ($2.92) price objective on shares of FirstGroup in a research note on Tuesday, April 22nd.

FirstGroup Stock Up 0.6%

The company has a market capitalization of £1.34 billion, a P/E ratio of -106.34, a PEG 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. The stock has a 50 day moving average price of GBX 181.02 and a 200 day moving average price of GBX 169.06.

FirstGroup (LON:FGP - Get Free Report) last released its earnings results 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%. Equities research analysts forecast that FirstGroup plc will post 17.3782772 earnings per share for the current fiscal year.

Insider Buying and Selling

In other FirstGroup news, insider Ryan Mangold sold 50,000 shares of FirstGroup stock in a transaction dated Friday, June 13th. The stock was sold at an average price of GBX 225 ($3.05), for a total transaction of £112,500 ($152,749.49). 3.64% of the stock is currently owned by insiders.

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.