FirstGroup (LON:FGP) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of FirstGroup plc (LON:FGP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 155.10 ($1.94) and traded as high as GBX 175 ($2.19). FirstGroup shares last traded at GBX 164.90 ($2.06), with a volume of 2,015,856 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 205 ($2.56) price objective on shares of FirstGroup in a research note on Monday, December 9th.

FirstGroup Trading Down 1.1 %

The stock has a market capitalization of £990.88 million, a P/E ratio of -8,245.00, a PEG ratio of 5.21 and a beta of 1.59. The stock’s fifty day moving average price is GBX 146.63 and its 200 day moving average price is GBX 155.10. The company has a debt-to-equity ratio of 256.40, a current ratio of 0.69 and a quick ratio of 0.74.

FirstGroup Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 28th will be paid a GBX 1.70 ($0.02) dividend. The ex-dividend date is Thursday, November 28th. This represents a yield of 1.24%. FirstGroup’s dividend payout ratio is currently -30,000.00%.

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.