FirstGroup (LON:FGP) Stock Price Breaks Above 200-Day Moving Average – What’s Next?

FirstGroup plc (LON:FGP)’s stock price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 178.16 and traded as high as GBX 214.80. FirstGroup shares last traded at GBX 212.86, with a volume of 44,963,422 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Berenberg Bank upped their price target on FirstGroup from GBX 240 to GBX 255 and gave the stock a “buy” rating in a research note on Monday, July 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 255 price objective on shares of FirstGroup in a research report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 251.25.

FirstGroup Stock Down 0.4%

The firm has a 50 day moving average of GBX 182.63 and a two-hundred day moving average of GBX 178.16. The stock has a market capitalization of £1.10 billion, a PE ratio of 10.33, a P/E/G ratio of 5.21 and a beta of 0.68. The company has a current ratio of 0.73, a quick ratio of 0.74 and a debt-to-equity ratio of 163.00.

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.