Insider Selling: FirstGroup plc (LON:FGP) Insider Sells £2,128,000 in Stock

FirstGroup plc (LON:FGP) insider Ryan Mangold sold 950,000 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of GBX 224 ($3.03), for a total transaction of £2,128,000 ($2,883,078.17).

Ryan Mangold also recently made the following trade(s):

• On Friday, June 13th, Ryan Mangold sold 50,000 shares of FirstGroup stock. The stock was sold at an average price of GBX 225 ($3.05), for a total transaction of £112,500 ($152,418.37).
• On Tuesday, May 13th, Ryan Mangold bought 81 shares of FirstGroup stock. The stock was bought at an average price of GBX 185 ($2.51) per share, with a total value of £149.85 ($203.02).

FirstGroup Stock Up 0.6%

FirstGroup stock opened at GBX 227.60 ($3.08) on Monday. The company has a market capitalization of £1.34 billion, a P/E ratio of -106.34, a P/E/G ratio of 5.21 and a beta of 1.59. The firm’s fifty day simple moving average is GBX 181.02 and its 200-day simple moving average is GBX 169.29. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 257.49. FirstGroup plc has a 1-year low of GBX 128.60 ($1.74) and a 1-year high of GBX 238.20 ($3.23).

FirstGroup (LON:FGP) last released 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%. Sell-side analysts forecast that FirstGroup plc will post 17.3782772 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.