FirstGroup (LON:FGP) Sets New 12-Month High – Here’s What Happened

Shares of FirstGroup plc (LON:FGP) hit a new 52-week high on Monday. The stock traded as high as GBX 218.40 and last traded at GBX 217.20, with a volume of 97,738,086 shares traded. The stock had previously closed at GBX 212.86.

Analyst Ratings Changes

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

FirstGroup Price Performance

The stock has a market capitalization of £1.12 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 5.21 and a beta of 0.68. The stock’s 50 day moving average is GBX 182.63 and its two-hundred day moving average is GBX 178.20. The company has a debt-to-equity ratio of 163.00, a quick ratio of 0.74 and a current ratio of 0.73.

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.