FirstGroup plc (LON:FGP) Insider Graham Sutherland Acquires 80,612 Shares

FirstGroup plc (LON:FGPGet Rating) insider Graham Sutherland acquired 80,612 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was acquired at an average cost of GBX 93 ($1.07) per share, with a total value of £74,969.16 ($86,320.28).

FirstGroup Stock Performance

LON:FGP opened at GBX 93.55 ($1.08) on Friday. The stock has a market cap of £701.86 million and a P/E ratio of 1.55. The company has a current ratio of 0.76, a quick ratio of 0.68 and a debt-to-equity ratio of 159.73. The stock has a 50 day simple moving average of GBX 111 and a 200 day simple moving average of GBX 119.90. FirstGroup plc has a 1-year low of GBX 83.75 ($0.96) and a 1-year high of GBX 145.66 ($1.68).

FirstGroup Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 23rd. Shareholders of record on Thursday, November 17th will be issued a GBX 0.90 ($0.01) dividend. The ex-dividend date is Thursday, November 17th. This represents a yield of 0.84%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on FirstGroup from GBX 149 ($1.72) to GBX 129 ($1.49) and set an “overweight” rating for the company in a research report on Thursday. Berenberg Bank dropped their price target on FirstGroup from GBX 160 ($1.84) to GBX 130 ($1.50) and set a “buy” rating for the company in a report on Wednesday, November 2nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 134.60 ($1.55).

About FirstGroup

(Get Rating)

FirstGroup plc provides public transport services in the United Kingdom and the United States. 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; passenger rail services; and hull trains and Lumos.

Further Reading

Insider Buying and Selling by Quarter for FirstGroup (LON:FGP)

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