FirstGroup (LON:FGP) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

FirstGroup plc (LON:FGP – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 177.73 and traded as high as GBX 189.60. FirstGroup shares last traded at GBX 181.70, with a volume of 1,098,083 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Berenberg Bank lifted 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 set a GBX 255 price target on shares of FirstGroup in a research report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, FirstGroup has a consensus rating of “Buy” and a consensus price target of GBX 251.25.

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FirstGroup Stock Down 0.5%

The company has a current ratio of 0.73, a quick ratio of 0.74 and a debt-to-equity ratio of 163.00. The firm has a market cap of £970.38 million, a PE ratio of 8.72, a P/E/G ratio of 5.21 and a beta of 0.71. The business’s 50-day simple moving average is GBX 177.54 and its 200 day simple moving average is GBX 177.68.

FirstGroup (LON:FGP – Get Free Report) last announced its quarterly earnings results on Thursday, June 18th. The transport operator reported GBX 20.30 earnings per share for the quarter. FirstGroup had a net margin of 2.49% and a return on equity of 17.75%. The firm had revenue of GBX 475.19 billion during the quarter. As a group, equities research analysts expect that FirstGroup plc will post 17.3782772 earnings per share for the current year.

FirstGroup Company Profile

(Get Free Report)

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.

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