FirstGroup (LON:FGP) Stock Price Up 4.5%

FirstGroup plc (LON:FGP)’s stock price was up 4.5% during trading on Wednesday . The company traded as high as GBX 164.20 ($2.16) and last traded at GBX 164.20 ($2.16). Approximately 1,106,760 shares changed hands during trading, an increase of 4% from the average daily volume of 1,064,266 shares. The stock had previously closed at GBX 157.10 ($2.07).

Analyst Ratings Changes

FGP has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 200 ($2.63) price target on shares of FirstGroup in a research note on Wednesday, June 12th. Berenberg Bank upped their target price on FirstGroup from GBX 195 ($2.56) to GBX 205 ($2.70) and gave the stock a “buy” rating in a report on Monday, July 8th.

FirstGroup Trading Up 4.5 %

The company has a debt-to-equity ratio of 256.40, a current ratio of 0.69 and a quick ratio of 0.74. The company has a market capitalization of £986.68 million, a price-to-earnings ratio of -8,210.00, a P/E/G ratio of 5.21 and a beta of 1.58. The business’s 50-day moving average price is GBX 164.70 and its two-hundred day moving average price is GBX 166.80.

FirstGroup Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 23rd. Shareholders of record on Thursday, July 18th were issued a GBX 4 ($0.05) dividend. The ex-dividend date was Thursday, July 18th. This is a boost from FirstGroup’s previous dividend of $1.50. This represents a yield of 2.36%. FirstGroup’s payout ratio is currently -30,000.00%.

Insider Activity

In other FirstGroup news, insider Ryan Mangold sold 494,190 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of GBX 159 ($2.09), for a total value of £785,762.10 ($1,033,217.75). Corporate insiders own 3.56% of the company’s stock.

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.