FirstGroup (LON:FGP) Share Price Passes Above Two Hundred Day Moving Average - Here's Why
FirstGroup plc's stock price has surpassed its 200-day moving average, reaching a high of GBX 220.80 before closing at GBX 207.80. Analysts at Berenberg Bank raised their price target from GBX 215 to GBX 240, maintaining a 'buy' rating. The company has a market cap of £1.12 billion and a P/E ratio of 10.02. Recent insider sales included significant transactions by Ryan Mangold and Graham Sutherland. Despite the positive outlook, FirstGroup is not among the top stock picks identified by leading analysts.
FirstGroup plc (LON:FGP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 209.14 and traded as high as GBX 220.80. FirstGroup shares last traded at GBX 207.80, with a volume of 286,913 shares.
Analysts Set New Price Targets
Separately, Berenberg Bank boosted their price target on FirstGroup from GBX 215 to GBX 240 and gave the stock a "buy" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of GBX 240.
Check Out Our Latest Stock Report on FGP
FirstGroup Stock Down 1.2%
The company has a debt-to-equity ratio of 257.49, a current ratio of 0.69 and a quick ratio of 0.74. The business has a 50 day moving average price of GBX 216.58 and a 200 day moving average price of GBX 209.14. The firm has a market capitalization of £1.12 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59.
Insider Transactions at FirstGroup
In other news, insider Ryan Mangold sold 472,462 shares of FirstGroup 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 FirstGroup stock in a transaction dated Monday, August 18th. The stock was sold at an average price of GBX 226, for a total value of £1,035,159.10. Insiders own 0.93% of the company's stock.
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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