FirstGroup (LON:FGP) Stock Price Crosses Below 200-Day Moving Average - Time to Sell?

FirstGroup plc (LON:FGP - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 154.95 ($1.94) and traded as low as GBX 154.40 ($1.93). FirstGroup shares last traded at GBX 164.10 ($2.05), with a volume of 792,453 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 205 ($2.56) target price on shares of FirstGroup in a research report on Monday, December 9th.

FirstGroup Stock Down 2.6 %

The stock has a market capitalization of £960.24 million, a price-to-earnings ratio of -7,990.00, a PEG ratio of 5.21 and a beta of 1.59. The company has a debt-to-equity ratio of 256.40, a current ratio of 0.69 and a quick ratio of 0.74. The firm's fifty day moving average is GBX 152.62 and its 200-day moving average is GBX 155.01.

FirstGroup Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 28th were issued a GBX 1.70 ($0.02) dividend. This represents a dividend yield of 1.24%. The ex-dividend date was Thursday, November 28th. FirstGroup's dividend payout ratio (DPR) 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.