FirstGroup (LON:FGP) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

FirstGroup plc (LON:FGP)’s share price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 175.04 and traded as high as GBX 178.50. FirstGroup shares last traded at GBX 172.03, with a volume of 1,010,799 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FGP. Berenberg Bank lifted their target price on FirstGroup from GBX 240 to GBX 255 and gave the company a “buy” rating in a report on Monday, July 20th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 255 price target on shares of FirstGroup in a report on Monday, July 6th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 251.25.

FirstGroup Stock Up 0.4%

The business’s 50 day moving average is GBX 178.09 and its 200-day moving average is GBX 175.03. The company has a debt-to-equity ratio of 163.00, a current ratio of 0.73 and a quick ratio of 0.74. The company has a market cap of £918.99 million, a PE ratio of 8.53, a P/E/G ratio of 5.21 and a beta of 0.69.

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.