Insider Selling: FirstGroup (LON:FGP) Insider Sells 472,462 Shares of Stock

Key Points

• FirstGroup insider Ryan Mangold sold 472,462 shares at an average price of GBX 226, totaling £1,067,764.12.
• Berenberg Bank increased their price target for FirstGroup from GBX 215 to GBX 240 and assigned the stock a "buy" rating.
• FirstGroup plc has a market capitalization of £1.33 billion and reported a negative price-to-earnings ratio of -105.60.

FirstGroup plc (LON:FGP - Get Free Report) insider Ryan Mangold sold 472,462 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of GBX 226, for a total transaction of £1,067,764.12.

Ryan Mangold also recently made the following trade(s):

• On Monday, August 11th, Ryan Mangold purchased 65 shares of FirstGroup stock. The stock was acquired at an average cost of GBX 230 per share, with a total value of £149.50.
• On Thursday, July 10th, Ryan Mangold purchased 67 shares of FirstGroup stock. The stock was acquired at an average price of GBX 223 per share, with a total value of £149.41.
• On Friday, June 13th, Ryan Mangold sold 950,000 shares of FirstGroup stock. The stock was sold at an average price of GBX 224, for a total value of £2,128,000.
• On Friday, June 13th, Ryan Mangold sold 50,000 shares of FirstGroup stock. The shares were sold at an average price of GBX 225, for a total value of £112,500.

FirstGroup Stock Up 1.2%

LON:FGP traded up GBX 2.60 during midday trading on Friday, reaching GBX 227. The company had a trading volume of 1,004,139 shares, compared to its average volume of 2,502,767. FirstGroup plc has a 12-month low of GBX 128.60 and a 12-month high of GBX 240.40. The firm has a market capitalization of £1.33 billion, a price-to-earnings ratio of -106.06, a PEG ratio of 5.21 and a beta of 1.59. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 257.49. The stock's fifty day simple moving average is GBX 224.87 and its 200-day simple moving average is GBX 191.43.

FirstGroup (LON:FGP - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The transport operator reported GBX 19.40 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%. On average, sell-side analysts anticipate that FirstGroup plc will post 17.3782772 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Berenberg Bank lifted their price target on shares of FirstGroup from GBX 215 to GBX 240 and gave the stock a "buy" rating in a research note on Monday, July 7th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of GBX 240.

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.