Firstgroup (OTCMKTS:FGROY) Shares Gap Up - Here's Why

Key Points

• Shares gapped up — FGROY opened at $2.50 versus a prior close of $2.25 and last traded at $2.50 on a volume of 1,000 shares.
• Analyst sentiment is positive — Royal Bank of Canada reissued an "outperform" rating and the stock has an average MarketBeat rating of "Buy."
• Financial and technicals show tight liquidity and moderate leverage with a quick ratio of 0.68, current ratio of 0.70, debt-to-equity of 1.41, a 50-day SMA of $2.45 and a 200-day SMA of $2.68.

Firstgroup PLC Unsponsored ADR (OTCMKTS:FGROY - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $2.25, but opened at $2.50. Firstgroup shares last traded at $2.50, with a volume of 1,000 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued an "outperform" rating on shares of Firstgroup in a research note on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Firstgroup Price Performance

The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 1.41. The firm's fifty day simple moving average is $2.45 and its 200-day simple moving average is $2.68.

Firstgroup Company Profile

FirstGroup plc is a transport operator headquartered in Aberdeen, Scotland, providing bus, coach and rail services across the United Kingdom and North America. The company's core businesses comprise First Bus, which operates local and regional bus networks in urban and rural communities; First Rail, which holds and operates rail franchises on the UK network; and First Transit, a subsidiary offering outsourced transit management services to public agencies and institutions.

Since its formation in 1986 following the privatization of British Rail, FirstGroup has grown through organic bidding for UK rail and bus contracts and strategic acquisitions overseas.

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