FirstGroup (LON:FGP) Shares Cross Above 200 Day Moving Average – Here’s Why

FirstGroup plc (LON:FGPGet Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 176.27 and traded as high as GBX 180. FirstGroup shares last traded at GBX 176.52, with a volume of 1,215,848 shares.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on FGP

FirstGroup Price Performance

The stock has a market capitalization of £923.18 million, a price-to-earnings ratio of 8.57, a PEG ratio of 5.21 and a beta of 0.70. The business’s fifty day moving average price is GBX 181.02 and its 200-day moving average price is GBX 176.27. The company has a debt-to-equity ratio of 163.00, a current ratio of 0.73 and a quick ratio of 0.74.

FirstGroup (LON:FGPGet Free Report) last posted its earnings results on Thursday, June 18th. The transport operator reported GBX 20.30 earnings per share 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. On average, research analysts forecast that FirstGroup plc will post 17.3782772 EPS for the current year.

FirstGroup Company Profile

(Get Free Report)

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.

Further Reading

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