FirstGroup (LON:FGP) Share Price Crosses Above 200 Day Moving Average – What’s Next?

FirstGroup plc (LON:FGPGet Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

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

View Our Latest Report on FGP

FirstGroup Trading Down 0.3%

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 company has a market cap of £899.55 million, a P/E ratio of 8.35, a P/E/G ratio of 5.21 and a beta of 0.70. The business has a 50-day moving average price of GBX 180.71 and a two-hundred day moving average price of GBX 176.14.

FirstGroup (LON:FGPGet Free Report) last posted its quarterly earnings results on Thursday, June 18th. The transport operator reported GBX 20.30 earnings per share (EPS) for the quarter. The business had revenue of GBX 475.19 billion for the quarter. FirstGroup had a return on equity of 17.75% and a net margin of 2.49%. On average, analysts predict 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.

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