FirstGroup (LON:FGP) Hits New 1-Year High – Still a Buy?

FirstGroup plc (LON:FGP) reached a new 52-week high on Monday. The stock traded as high as GBX 236.40 and last traded at GBX 236.40, with a volume of 52,662 shares changing hands. The stock had previously closed at GBX 232.40.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised their price objective on shares of FirstGroup from GBX 240 to GBX 255 and gave the company a “buy” rating in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 251.25.

FirstGroup Price Performance

The stock has a fifty day simple moving average of GBX 191.65 and a 200-day simple moving average of GBX 181.13. 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 company has a market capitalization of £1.21 billion, a PE ratio of 11.45, a P/E/G ratio of 5.21 and a beta of 0.68.

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.