FirstGroup (LON:FGP) Stock Passes Above 200 Day Moving Average – Should You Sell?

FirstGroup plc (LON:FGP)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 153.81 ($1.95) and traded as high as GBX 167.40 ($2.12). FirstGroup shares last traded at GBX 159.50 ($2.02), with a volume of 1,976,414 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 205 ($2.60) target price on shares of FirstGroup in a report on Monday, December 9th.

FirstGroup Stock Performance

The company has a debt-to-equity ratio of 257.49, a current ratio of 0.69 and a quick ratio of 0.74. The stock has a market cap of £953.59 million, a P/E ratio of -75.79, a PEG ratio of 5.21 and a beta of 1.59. The company has a fifty day moving average of GBX 162.01 and a 200 day moving average of GBX 153.81.

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.