FirstGroup (LON:FGP) Share Price Crosses Above 200-Day Moving Average – Here’s Why

FirstGroup plc (LON:FGP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 154.05 ($1.94) and traded as high as GBX 162.10 ($2.04). FirstGroup shares last traded at GBX 160.80 ($2.02), with a volume of 2,737,894 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 205 ($2.58) price target on shares of FirstGroup in a report on Monday, December 9th.

FirstGroup Trading Down 1.8 %

The company’s fifty day moving average is GBX 162.56 and its two-hundred day moving average is GBX 153.91. The company has a market cap of £944.18 million, a price-to-earnings ratio of -75.04, a P/E/G ratio of 5.21 and a beta of 1.59. The company has a debt-to-equity ratio of 257.49, a quick ratio of 0.74 and a current ratio of 0.69.

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.