FirstGroup (LON:FGP) Hits New 52-Week Low - Time to Sell?

FirstGroup plc (LON:FGP - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 136.10 ($1.78) and last traded at GBX 137.50 ($1.80), with a volume of 1052569 shares traded. The stock had previously closed at GBX 138.90 ($1.82).

Analyst Ratings Changes

FGP has been the topic of several research reports. Royal Bank of Canada restated an "outperform" rating and set a GBX 200 ($2.62) price objective on shares of FirstGroup in a report on Wednesday, June 12th. Berenberg Bank lifted their target price on shares of FirstGroup from GBX 195 ($2.55) to GBX 205 ($2.68) and gave the company a "buy" rating in a research report on Monday, July 8th.

FirstGroup Stock Performance

The company has a debt-to-equity ratio of 256.40, a quick ratio of 0.74 and a current ratio of 0.69. The firm's 50-day moving average price is GBX 155.30 and its two-hundred day moving average price is GBX 164.44. The firm has a market capitalization of £826.24 million, a price-to-earnings ratio of -6,875.00, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59.

Insider Activity

In other news, insider Ryan Mangold sold 494,190 shares of FirstGroup stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of GBX 159 ($2.08), for a total transaction of £785,762.10 ($1,028,349.82). In other news, insider Graham Sutherland purchased 20,000 shares of FirstGroup stock in a transaction on Monday, September 16th. The shares were purchased at an average cost of GBX 153 ($2.00) per share, for a total transaction of £30,600 ($40,047.11). Also, insider Ryan Mangold sold 494,190 shares of the business's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of GBX 159 ($2.08), for a total transaction of £785,762.10 ($1,028,349.82). 3.64% of the stock is owned by company insiders.

About FirstGroup

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.