Insider Buying: FirstGroup (LON:FGP) Insider Purchases 76 Shares of Stock

FirstGroup plc (LON:FGP) insider Ryan Mangold bought 76 shares of FirstGroup stock in a transaction on Wednesday, October 14th. The stock was acquired at an average cost of GBX 198 per share, for a total transaction of £150.48.

FirstGroup Price Performance

Shares of FGP traded up GBX 0.60 during midday trading on Friday, hitting GBX 203. The company’s stock had a trading volume of 714,898 shares, compared to its average volume of 6,478,877. The company has a quick ratio of 0.74, a current ratio of 0.73 and a debt-to-equity ratio of 163.00. FirstGroup plc has a one year low of GBX 152.10 and a one year high of GBX 220.80. The stock has a market capitalization of £1.05 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 5.21 and a beta of 0.68. The company’s fifty day simple moving average is GBX 179.68 and its two-hundred day simple moving average is GBX 176.63.

Wall Street Analysts Forecast Growth

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

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.