FirstGroup (LON:FGP) Stock Price Crosses Above Two Hundred Day Moving Average of $115.80

Posted by MarketBeat News on Aug 2nd, 2022

FirstGroup plc (LON:FGP – Get Rating)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 115.80 ($1.42) and traded as high as GBX 134 ($1.64). FirstGroup shares last traded at GBX 133 ($1.63), with a volume of 785,327 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FGP shares. Royal Bank of Canada increased their price target on shares of FirstGroup from GBX 160 ($1.96) to GBX 165 ($2.02) and gave the company an “outperform” rating in a research note on Monday, June 27th. Berenberg Bank started coverage on shares of FirstGroup in a report on Wednesday, May 25th. They issued a “buy” rating and a GBX 150 ($1.84) price objective on the stock. Finally, Liberum Capital restated a “buy” rating and issued a GBX 135 ($1.65) price objective on shares of FirstGroup in a report on Friday, May 27th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 125.86 ($1.54).

FirstGroup Price Performance

The stock’s fifty day moving average price is GBX 131.81 and its two-hundred day moving average price is GBX 115.80. The firm has a market capitalization of £997.69 million and a price-to-earnings ratio of 2.21. The company has a current ratio of 0.76, a quick ratio of 0.68 and a debt-to-equity ratio of 159.73.

FirstGroup Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, August 19th. Investors of record on Thursday, July 14th will be given a GBX 1.10 ($0.01) dividend. This represents a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, July 14th.

About FirstGroup

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FirstGroup plc provides passenger transport services the United Kingdom, the United States, and Canada. It operates through Greyhound, First Bus, and First Rail segments. The Greyhound segment provides scheduled intercity coach transportation services. The First Bus segment offers local bus services with a fleet of approximately 5,000 buses in the United Kingdom.