FirstGroup (LON:FGP) Hits New 12-Month High – Time to Buy?

FirstGroup plc (LON:FGP)’s share price hit a new 52-week high during mid-day trading on Monday. The stock traded as high as GBX 236.40 and last traded at GBX 236.40, with a volume of 52,662 shares traded. The stock had previously closed at GBX 232.40.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their price target on FirstGroup from GBX 240 to GBX 255 and gave the company a “buy” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 251.25.

FirstGroup Trading Up 1.5%

The company has a quick ratio of 0.74, a current ratio of 0.73 and a debt-to-equity ratio of 163.00. The company’s fifty day moving average price is GBX 191.65 and its two-hundred day moving average price is GBX 181.13. The firm has a market cap of £1.21 billion, a PE ratio of 11.45, a P/E/G ratio of 5.21 and a beta of 0.68.

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.