FirstGroup (LON:FGP) Earns Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of FirstGroup (LON:FGP) in a research report sent to investors on Monday morning, Marketbeat Ratings reports. The firm currently has a GBX 205 ($2.62) price objective on the transport operator’s stock.

FirstGroup Stock Performance

Shares of FGP stock opened at GBX 165 ($2.10) on Monday. The stock’s 50-day moving average price is GBX 143.32 and its 200 day moving average price is GBX 155.24. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 256.40. The stock has a market capitalization of £991.49 million, a PE ratio of -8,250.65, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. FirstGroup has a 52-week low of GBX 128.60 ($1.64) and a 52-week high of GBX 189 ($2.41).

FirstGroup Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 28th will be paid a dividend of GBX 1.70 ($0.02) per share. This represents a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, November 28th. FirstGroup’s dividend payout ratio (DPR) is presently -30,000.00%.

Insider Buying and Selling

In other news, insider Graham Sutherland bought 20,000 shares of FirstGroup stock in a transaction dated Monday, September 16th. The stock was bought at an average price of GBX 153 ($1.95) per share, for a total transaction of £30,600 ($39,035.59). Corporate insiders own 3.64% of the company’s stock.

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.