FirstGroup (LON:FGP) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

FirstGroup plc (LON:FGP)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 154.50 ($2.00) and traded as high as GBX 176.80 ($2.29). FirstGroup shares last traded at GBX 173.50 ($2.25), with a volume of 888,154 shares traded.

Analyst Ratings Changes

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

FirstGroup Stock Performance

The stock has a 50-day moving average price of GBX 163.18 and a 200 day moving average price of GBX 154.50. The firm has a market capitalization of £1.02 billion, a price-to-earnings ratio of -81.07, a P/E/G ratio of 5.21 and a beta of 1.59. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 257.49.

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.