FirstGroup (LON:FGP) Stock Passes Above 200 Day Moving Average – Here’s Why

FirstGroup plc (LON:FGPGet Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 155.09 ($1.89) and traded as high as GBX 160.60 ($1.96). FirstGroup shares last traded at GBX 157.50 ($1.92), with a volume of 768,971 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 205 ($2.50) target price on shares of FirstGroup in a report on Monday, December 9th.

Read Our Latest Research Report on FGP

FirstGroup Stock Performance

The stock has a 50 day moving average price of GBX 155.34 and a two-hundred day moving average price of GBX 155.09. The company has a debt-to-equity ratio of 256.40, a current ratio of 0.69 and a quick ratio of 0.74. The company has a market capitalization of £955.43 million, a price-to-earnings ratio of -7,950.00, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59.

FirstGroup Cuts Dividend

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

FirstGroup Company Profile

(Get Free Report)

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.

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