FirstGroup (LON:FGP) Stock Crosses Above 200-Day Moving Average – Time to Sell?

FirstGroup plc (LON:FGP)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 206.37 ($2.76) and traded as high as GBX 210 ($2.81). FirstGroup shares last traded at GBX 201.20 ($2.69), with a volume of 940,631 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank increased their price objective on shares of FirstGroup from GBX 215 to GBX 240 and gave the company a “buy” rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 240.

FirstGroup Stock Performance

The company’s 50 day moving average price is GBX 218.67 and its 200-day moving average price is GBX 206.37. 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 company has a market cap of £1.11 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59.

Insider Activity at FirstGroup

In other news, insider Graham Sutherland sold 458,035 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of GBX 226, for a total transaction of £1,035,159.10. Also, insider Ryan Mangold sold 472,462 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of GBX 226, for a total transaction of £1,067,764.12. Company insiders own 0.93% of the company’s stock.

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.