FirstGroup (LON:FGP) Shares Cross Above Two Hundred Day Moving Average of $106.30

FirstGroup plc (LON:FGP – Get Rating) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 106.30 ($1.32) and traded as high as GBX 122 ($1.52). FirstGroup shares last traded at GBX 114.20 ($1.42), with a volume of 1,268,974 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FGP shares. Liberum Capital reiterated a “buy” rating and set a GBX 165 ($2.05) price objective on shares of FirstGroup in a research note on Friday, March 10th. Peel Hunt reiterated a “buy” rating and issued a GBX 143 ($1.78) price objective on shares of FirstGroup in a report on Monday, March 20th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 146.40 ($1.82).

FirstGroup Trading Down 0.4 %

The firm has a market capitalization of £803.06 million, a price-to-earnings ratio of 1,898.17, a PEG ratio of 5.21 and a beta of 1.54. The company has a fifty day moving average price of GBX 110.88 and a two-hundred day moving average price of GBX 106.35. The company has a current ratio of 0.87, a quick ratio of 0.74 and a debt-to-equity ratio of 278.49.

Insider Activity

In related news, insider Graham Sutherland acquired 30,569 shares of the business’s stock in a transaction dated Thursday, March 16th. The shares were acquired at an average price of GBX 101 ($1.26) per share, with a total value of £30,874.69 ($38,401.36). Corporate insiders own 3.56% of the company’s stock.

About FirstGroup

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FirstGroup plc provides public transport services in the United Kingdom and the United States. 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; passenger rail services; and hull trains and Lumos.