FirstGroup (LON:FGP) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

FirstGroup plc (LON:FGP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 177.51 and traded as high as GBX 184.90. FirstGroup shares last traded at GBX 183.99, with a volume of 1,110,428 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating and set a GBX 255 target price on shares of FirstGroup in a research report on Monday, July 6th. Berenberg Bank increased their price target on shares of FirstGroup from GBX 240 to GBX 255 and gave the company a “buy” rating in a research report on Monday, July 20th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, FirstGroup presently has an average rating of “Buy” and an average price target of GBX 251.25.

FirstGroup Stock Down 0.6%

The company has a debt-to-equity ratio of 163.00, a current ratio of 0.73 and a quick ratio of 0.74. The firm has a 50-day simple moving average of GBX 179.80 and a two-hundred day simple moving average of GBX 177.46. The company has a market cap of £994.36 million, a PE ratio of 8.93, a P/E/G ratio of 5.21 and a beta of 0.71.

FirstGroup (LON:FGP) last issued its quarterly earnings data on Thursday, June 18th. The transport operator reported GBX 20.30 earnings per share (EPS) for the quarter. The business had revenue of GBX 475.19 billion for the quarter. FirstGroup had a return on equity of 17.75% and a net margin of 2.49%. Research analysts anticipate that FirstGroup plc will post 17.3782772 earnings per share for the current fiscal year.

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.