FirstGroup (LON:FGP) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

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 153.99 ($1.98) and traded as high as GBX 173.10 ($2.23). FirstGroup shares last traded at GBX 171.20 ($2.21), with a volume of 1,446,035 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 205 ($2.64) price target on shares of FirstGroup in a report on Monday, December 9th.

FirstGroup Stock Performance

The firm’s fifty day moving average price is GBX 161.95 and its 200-day moving average price is GBX 153.99. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 257.49. The firm has a market cap of £1.01 billion, a price-to-earnings ratio of -79.99, a PEG ratio of 5.21 and a beta of 1.59.

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.