FirstGroup (LON:FGP) Sets New 12-Month High – Still a Buy?

FirstGroup plc (LON:FGP) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 230 ($3.12) and last traded at GBX 226.40 ($3.07), with a volume of 1128886 shares changing hands. The stock had previously closed at GBX 227.60 ($3.08).

Analysts Set New Price Targets

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

FirstGroup Price Performance

The stock has a 50-day moving average of GBX 181.02 and a two-hundred day moving average of GBX 169.29. The firm has a market cap of £1.33 billion, a price-to-earnings ratio of -105.78, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. 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 (LON:FGP) last posted its quarterly earnings data on Tuesday, June 10th. The transport operator reported GBX 19.40 ($0.26) EPS for the quarter. FirstGroup had a negative net margin of 0.34% and a negative return on equity of 2.54%. On average, analysts anticipate that FirstGroup plc will post 17.3782772 EPS for the current year.

Insider Activity at FirstGroup

In other FirstGroup news, insider Ryan Mangold sold 950,000 shares of the business’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of GBX 224 ($3.03), for a total transaction of £2,128,000 ($2,883,078.17). 3.64% of the stock is owned by insiders.

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.