FirstGroup (LON:FGP) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Posted by Defense World Staff on Jan 31st, 2025

Shares of FirstGroup plc (LON:FGP – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 154.96 ($1.92) and traded as high as GBX 170 ($2.11). FirstGroup shares last traded at GBX 161.20 ($2.00), with a volume of 767,834 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 205 ($2.55) price target on shares of FirstGroup in a research note on Monday, December 9th.

Get Our Latest Report on FirstGroup

FirstGroup Stock Performance

The firm has a market cap of £968.65 million, a price-to-earnings ratio of -8,060.00, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 256.40. The stock’s 50 day moving average is GBX 160.18 and its 200 day moving average is GBX 154.96.

FirstGroup (LON:FGP – Get Free Report) last posted its earnings results on Thursday, November 14th. The transport operator reported GBX 8.50 ($0.11) EPS for the quarter. FirstGroup had a negative return on equity of 0.53% and a negative net margin of 0.34%. Analysts anticipate that FirstGroup plc will post 17.3782772 earnings per share for the current year.

FirstGroup Cuts Dividend

The company also recently disclosed 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 of this dividend was Thursday, November 28th. FirstGroup’s payout ratio is -30,000.00%.

About FirstGroup

(Get Free Report)

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.