FirstGroup (LON:FGP) Shares Cross Above 200 Day Moving Average – Here’s Why

FirstGroup plc (LON:FGP)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 176.27 and traded as high as GBX 180. FirstGroup shares last traded at GBX 176.52, with a volume of 1,215,848 shares traded.

Wall Street Analysts Forecast Growth

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

FirstGroup Stock Performance

The firm has a market capitalization of £923.18 million, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70. The company’s 50 day moving average is GBX 181.02 and its 200-day moving average is GBX 176.27. 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 (LON:FGP) last posted its quarterly earnings results on Thursday, June 18th. The transport operator reported GBX 20.30 earnings per share for the quarter. FirstGroup had a net margin of 2.49% and a return on equity of 17.75%. The firm had revenue of GBX 475.19 billion during the quarter. As a group, equities analysts anticipate that FirstGroup plc will post 17.3782772 EPS for the current 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.