FirstGroup (LON:FGP) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of FirstGroup plc (LON:FGP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 203.53 ($2.72) and traded as high as GBX 220 ($2.94). FirstGroup shares last traded at GBX 215 ($2.87), with a volume of 6,398,377 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price target on shares of FirstGroup from GBX 215 to GBX 240 and gave the stock a “buy” rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, FirstGroup presently has an average rating of “Buy” and an average target price of GBX 240.

FirstGroup Price Performance

The company has a debt-to-equity ratio of 257.49, a current ratio of 0.69 and a quick ratio of 0.74. The firm has a market cap of £1.17 billion, a PE ratio of 1,048.78, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The firm has a 50-day simple moving average of GBX 221.48 and a 200 day simple moving average of GBX 203.53.

Insider Buying and Selling at FirstGroup

In other news, insider Ryan Mangold sold 472,462 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of GBX 226, for a total transaction of £1,067,764.12. Also, insider Graham Sutherland sold 458,035 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of GBX 226, for a total value of £1,035,159.10. Company insiders own 0.93% 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.