FirstGroup (LON:FGP) Shares Pass Above 200 Day Moving Average – Time to Sell?

FirstGroup plc (LON:FGP) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 177.45 and traded as high as GBX 184.70. FirstGroup shares last traded at GBX 183.41, with a volume of 4,083,501 shares traded.

Analysts Set New Price Targets

FGP has been the subject of several research analyst reports. Berenberg Bank lifted their target price 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. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 255 price objective on shares of FirstGroup in a report on Monday, July 6th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 251.25.

FirstGroup Stock Up 0.5%

The stock has a 50 day moving average price of GBX 180.98 and a 200-day moving average price of GBX 177.44. The stock has a market capitalization of £977.72 million, a P/E ratio of 8.97, 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 released its quarterly earnings data on Thursday, June 18th. The transport operator reported GBX 20.30 EPS for the quarter. FirstGroup had a return on equity of 17.75% and a net margin of 2.49%.The firm had revenue of GBX 475.19 billion for the quarter. As a group, research analysts expect that FirstGroup plc will post 17.3782772 EPS 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.