FirstGroup (LON:FGP) Sets New 52-Week Low – Here’s What Happened

FirstGroup plc (LON:FGP)’s stock price reached a new 52-week low on Thursday . The stock traded as low as GBX 139.40 ($1.86) and last traded at GBX 140 ($1.87), with a volume of 26292 shares changing hands. The stock had previously closed at GBX 140.60 ($1.88).

Analysts Set New Price Targets

Several brokerages have issued reports on FGP. Berenberg Bank boosted their target price on FirstGroup from GBX 195 ($2.61) to GBX 205 ($2.74) and gave the company a “buy” rating in a research report on Monday, July 8th. Royal Bank of Canada restated an “outperform” rating and set a GBX 200 ($2.68) price objective on shares of FirstGroup in a report on Wednesday, June 12th.

FirstGroup Stock Up 0.4 %

The company has a market cap of £839.46 million, a PE ratio of -6,985.00, a P/E/G ratio of 5.21 and a beta of 1.59. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 256.40. The company’s 50 day moving average is GBX 157.22 and its 200 day moving average is GBX 165.43.

Insider Activity

In related news, insider Ryan Mangold sold 494,190 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of GBX 159 ($2.13), for a total value of £785,762.10 ($1,051,046.15). In other FirstGroup news, insider Graham Sutherland bought 20,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were acquired at an average price of GBX 153 ($2.05) per share, with a total value of £30,600 ($40,930.98). Also, insider Ryan Mangold sold 494,190 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of GBX 159 ($2.13), for a total transaction of £785,762.10 ($1,051,046.15). Insiders own 3.64% of the company’s stock.

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.