FirstGroup (LON:FGP) Stock Crosses Above Two Hundred Day Moving Average of $167.45

Shares of FirstGroup plc (LON:FGP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 167.45 ($2.10) and traded as high as GBX 171.90 ($2.16). FirstGroup shares last traded at GBX 170 ($2.14), with a volume of 575,886 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price target on shares of FirstGroup from GBX 191 ($2.40) to GBX 195 ($2.45) and gave the stock a “buy” rating in a research report on Tuesday, April 30th.

FirstGroup Price Performance

The company has a 50-day moving average of GBX 171.29 and a 200 day moving average of GBX 167.45. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 288.86. The stock has a market capitalization of £1.09 billion, a PE ratio of -17,050.00, a PEG ratio of 5.21 and a beta of 1.40.

Insider Activity

In related news, insider David Martin purchased 100,000 shares of FirstGroup stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average price of GBX 182 ($2.29) per share, for a total transaction of £182,000 ($228,643.22). Company insiders own 3.16% of the company’s stock.

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.