FirstGroup (LON:FGP) Stock Crosses Above 200 Day Moving Average – Time to Sell?

FirstGroup plc (LON:FGP) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 154.50 ($2.00) and traded as high as GBX 176.80 ($2.29). FirstGroup shares last traded at GBX 173.50 ($2.24), with a volume of 888,154 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 205 ($2.65) price target on shares of FirstGroup in a research note on Monday, December 9th.

FirstGroup Trading Up 1.3 %

The stock has a market cap of £1.03 billion, a price-to-earnings ratio of -82.14, a PEG ratio of 5.21 and a beta of 1.59. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 257.49. The business’s 50 day simple moving average is GBX 163.46 and its 200 day simple moving average is GBX 154.65.

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.