FirstGroup (LON:FGP) Stock Price Passes Above 200 Day Moving Average of $106.30

FirstGroup plc (LON:FGP – Get Rating) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 106.30 ($1.32) and traded as high as GBX 122 ($1.52). FirstGroup shares last traded at GBX 114.20 ($1.42), with a volume of 1,268,974 shares trading hands.

Analyst Upgrades and Downgrades

FGP has been the subject of several analyst reports. Liberum Capital restated a “buy” rating and set a GBX 165 ($2.05) price target on shares of FirstGroup in a research report on Friday, March 10th. Peel Hunt reiterated a “buy” rating and set a GBX 143 ($1.78) target price on shares of FirstGroup in a report on Monday, March 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, FirstGroup currently has an average rating of “Buy” and a consensus target price of GBX 146.40 ($1.82).

FirstGroup Stock Down 0.4 %

The company’s fifty day moving average price is GBX 110.67 and its 200-day moving average price is GBX 106.30. The stock has a market capitalization of £810.87 million, a PE ratio of 1,903.33, a price-to-earnings-growth ratio of 5.21 and a beta of 1.54. The company has a quick ratio of 0.74, a current ratio of 0.87 and a debt-to-equity ratio of 278.49.

Insider Activity

In other FirstGroup news, insider Graham Sutherland bought 30,569 shares of the stock in a transaction dated Thursday, March 16th. The stock was purchased at an average cost of GBX 101 ($1.26) per share, for a total transaction of £30,874.69 ($38,401.36). Company insiders own 3.56% of the company’s stock.

FirstGroup Company Profile

(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.