FirstGroup (LON:FGP) Shares Pass Above 200 Day Moving Average of $168.69

FirstGroup plc (LON:FGP)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 168.69 ($2.14) and traded as high as GBX 169.40 ($2.15). FirstGroup shares last traded at GBX 169.40 ($2.15), with a volume of 1,162,618 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price target on shares of FirstGroup from GBX 191 ($2.43) to GBX 195 ($2.48) and gave the stock a “buy” rating in a report on Tuesday, April 30th.

FirstGroup Stock Up 0.4 %

The firm has a fifty day simple moving average of GBX 173.36 and a 200 day simple moving average of GBX 168.75. The company has a debt-to-equity ratio of 288.86, a quick ratio of 0.74 and a current ratio of 0.76. The company has a market cap of £1.07 billion, a PE ratio of -16,940.00, a PEG ratio of 5.21 and a beta of 1.42.

Insider Buying and Selling

In other FirstGroup news, insider David Martin bought 100,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of GBX 182 ($2.31) per share, for a total transaction of £182,000 ($231,316.73). 3.18% of the stock is owned by corporate insiders.

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.