FirstGroup (LON:FGP) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

FirstGroup plc (LON:FGP - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 198.06 ($2.70) and traded as high as GBX 219.20 ($2.99). FirstGroup shares last traded at GBX 217 ($2.96), with a volume of 680,695 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank raised 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, FirstGroup presently has a consensus rating of "Buy" and a consensus price target of GBX 240.

Read Our Latest Stock Analysis on FGP

FirstGroup Stock Up 0.6%

The firm has a market capitalization of £1.19 billion, a price-to-earnings ratio of 1,064.39, a P/E/G ratio of 5.21 and a beta of 1.59. The business's 50-day moving average is GBX 222.27 and its two-hundred day moving average is GBX 198.06. The company has a debt-to-equity ratio of 257.49, a quick ratio of 0.74 and a current ratio of 0.69.

Insiders Place Their Bets

In other FirstGroup news, insider Ryan Mangold sold 472,462 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of GBX 226, for a total value of £1,067,764.12. Also, insider Graham Sutherland sold 458,035 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 £1,035,159.10. 1.02% of the stock is owned by corporate 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.

Further Reading

• Five stocks we like better than FirstGroup
• What Are Dividend Challengers?
• Is It Time to Trim Your Positions in These 2 AI Stocks?
• Stock Trading Terms - Stock Terms Every Investor Needs to Know
• These 3 Tech Stocks Just Supercharged Their Buybacks
• Retail Stocks Investing, Explained
• 3 Dividend Stocks to Hold Through Market Volatility This Fall

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in FirstGroup Right Now?

Before you consider FirstGroup, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FirstGroup wasn't on the list.

While FirstGroup currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here