FirstGroup (LON:FGP) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

FirstGroup plc (LON:FGP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 156.82 ($2.09) and traded as high as GBX 166.80 ($2.22). FirstGroup shares last traded at GBX 164.60 ($2.20), with a volume of 500,476 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 215 ($2.87) price target on shares of FirstGroup in a report on Tuesday.

FirstGroup Trading Up 0.7 %

The firm has a market capitalization of £967.70 million, a PE ratio of -76.91, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The company has a debt-to-equity ratio of 257.49, a current ratio of 0.69 and a quick ratio of 0.74. The company has a fifty day moving average of GBX 163.84 and a 200-day moving average of GBX 156.82.

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.