FirstGroup (LON:FGP) Share Price Crosses Above 200-Day Moving Average of $120.35

FirstGroup plc (LON:FGPGet Rating)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 120.35 ($1.45) and traded as high as GBX 130.53 ($1.58). FirstGroup shares last traded at GBX 120.70 ($1.46), with a volume of 1,619,497 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Liberum Capital restated a “buy” rating and set a GBX 135 ($1.63) target price on shares of FirstGroup in a report on Friday, May 27th. Berenberg Bank upped their target price on FirstGroup from GBX 150 ($1.81) to GBX 160 ($1.93) and gave the company a “buy” rating in a report on Tuesday, August 9th. Finally, Royal Bank of Canada upped their target price on FirstGroup from GBX 160 ($1.93) to GBX 165 ($1.99) and gave the company an “outperform” rating in a report on Monday, June 27th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, FirstGroup currently has an average rating of “Moderate Buy” and an average target price of GBX 127.29 ($1.54).

FirstGroup Stock Performance

The business has a fifty day simple moving average of GBX 123.80 and a 200-day simple moving average of GBX 120.35. The company has a quick ratio of 0.68, a current ratio of 0.76 and a debt-to-equity ratio of 159.73. The firm has a market cap of £905.47 million and a P/E ratio of 2.00.

Insiders Place Their Bets

In other FirstGroup news, insider Ryan Mangold sold 327,533 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of GBX 109 ($1.32), for a total value of £357,010.97 ($431,381.07). In related news, insider Peter Lynas purchased 20,000 shares of FirstGroup stock in a transaction dated Tuesday, August 16th. The stock was purchased at an average cost of GBX 115 ($1.39) per share, for a total transaction of £23,000 ($27,791.20). Also, insider Ryan Mangold sold 327,533 shares of the firm’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of GBX 109 ($1.32), for a total value of £357,010.97 ($431,381.07).

FirstGroup Company Profile

(Get Rating)

FirstGroup plc provides public transport services in the United Kingdom and the United States. 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; passenger rail services; and hull trains and Lumos.

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