FirstGroup (LON:FGP) Trading 12.1% Higher - Still a Buy?

FirstGroup plc (LON:FGP - Get Free Report) traded 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). 6,579,389 shares were traded during mid-day trading, an increase of 120% from the average session 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 reaffirmed a "buy" rating and set a GBX 215 ($2.90) price target on shares of FirstGroup in a research report on Tuesday, April 22nd.

FirstGroup Price Performance

The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 257.49. The firm has a market cap 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 stock has a 50 day moving average price of GBX 176.52 and a two-hundred day moving average price of GBX 167.71.

FirstGroup (LON:FGP - Get Free Report) last released 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%. As a group, equities analysts expect that FirstGroup plc will post 17.3782772 earnings per share 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.