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

FirstGroup plc (LON:FGP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 155.12 ($1.91) and traded as high as GBX 170 ($2.09). FirstGroup shares last traded at GBX 162.60 ($2.00), with a volume of 697,035 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 205 ($2.52) price target on shares of FirstGroup in a research note on Monday, December 9th.

FirstGroup Stock Up 0.4 %

The company has a market cap of £977.06 million, a price-to-earnings ratio of -8,130.00, a PEG ratio of 5.21 and a beta of 1.59. The business has a 50-day simple moving average of GBX 157.80 and a two-hundred day simple moving average of GBX 155.12. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 256.40.

FirstGroup (LON:FGP) last posted its earnings results on Thursday, November 14th. The transport operator reported GBX 8.50 ($0.10) earnings per share for the quarter. FirstGroup had a negative return on equity of 0.53% and a negative net margin of 0.34%. As a group, equities analysts forecast that FirstGroup plc will post 17.3782772 earnings per share for the current fiscal year.

FirstGroup Cuts Dividend

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