FirstGroup (LON:FGP) Stock Passes Below 200-Day Moving Average – What’s Next?

Shares of FirstGroup plc (LON:FGP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 154.95 ($1.94) and traded as low as GBX 154.40 ($1.93). FirstGroup shares last traded at GBX 164.10 ($2.05), with a volume of 792,453 shares.

Wall Street Analyst Weigh In

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

FirstGroup Trading Down 0.1 %

The stock has a fifty day moving average of GBX 152.14 and a 200-day moving average of GBX 154.95. The company has a market cap of £985.48 million, a PE ratio of -8,200.00, a PEG ratio of 5.21 and a beta of 1.59. The company has a debt-to-equity ratio of 256.40, a quick ratio of 0.74 and a current ratio of 0.69.

FirstGroup Cuts Dividend

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

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.