FirstGroup (LON:FGP) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

FirstGroup plc (LON:FGP) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 177.34 and traded as high as GBX 182.60. FirstGroup shares last traded at GBX 179, with a volume of 21,194,877 shares trading hands.

Wall Street Analysts Forecast Growth

FGP has been the subject of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 255 price objective on shares of FirstGroup in a research note on Monday, July 6th. Berenberg Bank lifted their target price on FirstGroup from GBX 240 to GBX 255 and gave the stock a “buy” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, FirstGroup has a consensus rating of “Buy” and an average price target of GBX 251.25.

FirstGroup Price Performance

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 firm has a market capitalization of £947.99 million, a price-to-earnings ratio of 8.70, a P/E/G ratio of 5.21 and a beta of 0.70. The company has a fifty day moving average price of GBX 182.49 and a two-hundred day moving average price of GBX 177.36.

FirstGroup (LON:FGP) last announced its earnings results on Thursday, June 18th. The transport operator reported GBX 20.30 EPS for the quarter. FirstGroup had a net margin of 2.49% and a return on equity of 17.75%. The business had revenue of GBX 475.19 billion for the quarter. On average, equities research analysts expect that FirstGroup plc will post 17.3782772 EPS for the current fiscal year.

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.