FirstGroup (LON:FGP) Hits New 1-Year High – Should You Buy?

FirstGroup plc (LON:FGP)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 206.80 ($2.80) and last traded at GBX 206 ($2.79), with a volume of 3073904 shares traded. The stock had previously closed at GBX 193.80 ($2.63).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 215 ($2.91) target price on shares of FirstGroup in a research note on Tuesday, April 22nd.

FirstGroup Trading Up 1.9%

The company has a market capitalization of £1.31 billion, a price-to-earnings ratio of -103.73, a P/E/G ratio of 5.21 and a beta of 1.59. The company has a debt-to-equity ratio of 257.49, a quick ratio of 0.74 and a current ratio of 0.69. The business’s 50-day simple moving average is GBX 177.93 and its 200-day simple moving average is GBX 168.05.

FirstGroup (LON:FGP) last posted its quarterly earnings results on Tuesday, June 10th. The transport operator reported GBX 19.40 ($0.26) earnings per share for the quarter. FirstGroup had a negative net margin of 0.34% and a negative return on equity of 2.54%. On average, research analysts expect that FirstGroup plc will post 17.3782772 earnings per share for the current fiscal year.

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.