FirstGroup (LON:FGP) Stock Breaks Above 200 Day Moving Average – Here’s Why

FirstGroup plc (LON:FGP)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 175.25 and traded as high as GBX 182.60. FirstGroup shares last traded at GBX 181.50, with a volume of 50,047,473 shares traded.

Analysts Set New Price Targets

FGP has been the subject of a number of 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 note on Monday, July 20th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 255 price target on shares of FirstGroup in a report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, FirstGroup has an average rating of “Buy” and a consensus price target of GBX 251.25.

FirstGroup Stock Performance

The company has a debt-to-equity ratio of 163.00, a quick ratio of 0.74 and a current ratio of 0.73. The company has a market cap of £948.71 million, a P/E ratio of 8.81, a P/E/G ratio of 5.21 and a beta of 0.69. The firm has a 50 day moving average price of GBX 178.29 and a 200-day moving average price of GBX 175.29.

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.