FirstGroup (LON:FGP) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of FirstGroup plc (LON:FGP) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 177.73 and traded as high as GBX 189.60. FirstGroup shares last traded at GBX 181.70, with a volume of 1,098,083 shares changing hands.

Wall Street Analysts Forecast Growth

FGP has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 255 price objective on shares of FirstGroup in a report on Monday, July 6th. Berenberg Bank raised their target price on FirstGroup from GBX 240 to GBX 255 and gave the company a “buy” rating in a report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 251.25.

FirstGroup Stock Up 1.2%

The company has a quick ratio of 0.74, a current ratio of 0.73 and a debt-to-equity ratio of 163.00. The business has a 50-day simple moving average of GBX 177.24 and a 200-day simple moving average of GBX 177.73. The stock has a market cap of £981.67 million, a P/E ratio of 8.82, a PEG ratio of 5.21 and a beta of 0.71.

FirstGroup (LON:FGP) last released its quarterly earnings results on Thursday, June 18th. The transport operator reported GBX 20.30 EPS for the quarter. FirstGroup had a net margin of 2.49% and a return on equity of 17.75%. The company had revenue of GBX 475.19 billion for the quarter. Analysts expect that FirstGroup plc will post 17.3782772 EPS for the current year.

About FirstGroup

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.