FirstGroup (LON:FGP) Stock Passes Above 200 Day Moving Average – Should You Sell?

FirstGroup plc (LON:FGP) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 160.41 ($2.11) and traded as high as GBX 187 ($2.46). FirstGroup shares last traded at GBX 183.70 ($2.42), with a volume of 610,809 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 215 ($2.83) price target on shares of FirstGroup in a research note on Tuesday, April 22nd.

FirstGroup Price Performance

The firm has a market cap of £1.08 billion, a P/E ratio of -85.83, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 257.49. The business has a 50-day moving average of GBX 167.36 and a two-hundred day moving average of GBX 160.41.

About FirstGroup

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.