FirstGroup (LON:FGP) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

FirstGroup plc (LON:FGP) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 155.37 ($2.01) and traded as high as GBX 183.50 ($2.37). FirstGroup shares last traded at GBX 168.70 ($2.18), with a volume of 4,526,622 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 205 ($2.65) target price on shares of FirstGroup in a research note on Monday, December 9th.

FirstGroup Price Performance

The business’s fifty day moving average price is GBX 165.40 and its 200 day moving average price is GBX 155.37. 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 £991.81 million, a P/E ratio of -78.82, a PEG ratio of 5.21 and a beta of 1.59.

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.