FirstGroup (LON:FGP) Hits New 1-Year High – Here’s Why

Shares of FirstGroup plc (LON:FGP) hit a new 52-week high on Monday. The stock traded as high as GBX 218.40 and last traded at GBX 217.20, with a volume of 97,738,086 shares changing hands. The stock had previously closed at GBX 212.86.

Wall Street Analysts Forecast Growth

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

FirstGroup Stock Down 1.8%

The stock has a market cap of £1.12 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 5.21 and a beta of 0.68. The company has a current ratio of 0.73, a quick ratio of 0.74 and a debt-to-equity ratio of 163.00. The business has a 50-day moving average price of GBX 184.20 and a 200-day moving average price of GBX 179.58.

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.