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

FirstGroup plc (LON:FGP - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 154.05 ($1.95) and traded as high as GBX 162.10 ($2.05). FirstGroup shares last traded at GBX 160.80 ($2.04), with a volume of 2,737,894 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 205 ($2.60) price objective on shares of FirstGroup in a report on Monday, December 9th.

FirstGroup Stock Down 0.6 %

The company has a fifty day simple moving average of GBX 162.39 and a 200-day simple moving average of GBX 153.80. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 257.49. The firm has a market cap of £946.54 million, a P/E ratio of -75.23, a price-to-earnings-growth 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.