FirstGroup (LON:FGP) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

FirstGroup plc (LON:FGP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 176.97 and traded as high as GBX 179.50. FirstGroup shares last traded at GBX 178.68, with a volume of 1,656,572 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FGP shares. Berenberg Bank lifted their price target on shares of FirstGroup from GBX 240 to GBX 255 and gave the company a “buy” rating in a report on Monday, July 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 255 price target on shares of FirstGroup in a report on Monday, July 6th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 251.25.

FirstGroup Trading Up 0.4%

The business has a 50 day moving average of GBX 182.49 and a 200 day moving average of GBX 176.97. The firm has a market capitalization of £945.29 million, a price-to-earnings ratio of 8.67, a PEG ratio of 5.21 and a beta of 0.70. The company has a debt-to-equity ratio of 163.00, a current ratio of 0.73 and a quick ratio of 0.74.

FirstGroup (LON:FGP) last issued its earnings results on Thursday, June 18th. The transport operator reported GBX 20.30 earnings per share (EPS) for the quarter. The firm 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%. As a group, research analysts predict that FirstGroup plc will post 17.3782772 earnings per share for the current fiscal year.

About FirstGroup

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.