FirstGroup (LON:FGP) Insider Ryan Mangold Sells 472,462 Shares

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 business'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 value of £1,067,764.12.

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

• On Monday, August 11th, Ryan Mangold acquired 65 shares of FirstGroup stock. The shares were acquired at an average price of GBX 230 per share, with a total value of £149.50.
• On Thursday, July 10th, Ryan Mangold acquired 67 shares of FirstGroup stock. The shares were 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 stock was sold at an average price of GBX 225, for a total value of £112,500.

FirstGroup Price Performance

FGP traded up GBX 2.60 during trading on Friday, reaching GBX 227. The stock had a trading volume of 1,004,139 shares, compared to its average volume of 2,502,767. The firm has a market capitalization of £1.33 billion, a price-to-earnings ratio of -106.06, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 257.49. FirstGroup plc has a 1-year low of GBX 128.60 and a 1-year high of GBX 240.40. The stock has a 50 day moving average of GBX 224.87 and a two-hundred day moving average of GBX 191.23.

FirstGroup (LON:FGP - Get Free Report) last released its earnings results on Tuesday, June 10th. The transport operator reported GBX 19.40 earnings per share for the quarter. FirstGroup had a negative return on equity of 2.54% and a negative net margin of 0.34%. As a group, equities analysts anticipate that FirstGroup plc will post 17.3782772 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their price objective on FirstGroup from GBX 215 to GBX 240 and gave the company a "buy" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of GBX 240.

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.