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

FirstGroup plc (LON:FGP) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 155.62 ($2.02) and traded as high as GBX 167.80 ($2.18). FirstGroup shares last traded at GBX 156 ($2.03), with a volume of 1,149,782 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 205 ($2.66) price target on shares of FirstGroup in a research note on Monday, December 9th.

FirstGroup Trading Up 0.5 %

The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 257.49. The business has a 50 day simple moving average of GBX 165.70 and a two-hundred day simple moving average of GBX 155.62. The stock has a market cap of £923.02 million, a price-to-earnings ratio of -73.36, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59.

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.