FirstGroup (LON:FGP) Sets New 1-Year High – Here’s Why

FirstGroup plc (LON:FGP) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 230 ($3.12) and last traded at GBX 226.40 ($3.07), with a volume of 1128886 shares traded. The stock had previously closed at GBX 227.60 ($3.08).

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 215 ($2.91) price target on shares of FirstGroup in a research note on Tuesday, April 22nd.

FirstGroup Stock Down 0.5%

The company has a debt-to-equity ratio of 257.49, a quick ratio of 0.74 and a current ratio of 0.69. The firm has a 50 day simple moving average of GBX 181.02 and a two-hundred day simple moving average of GBX 169.29. The stock has a market cap of £1.33 billion, a P/E ratio of -105.78, a P/E/G ratio of 5.21 and a beta of 1.59.

FirstGroup (LON:FGP) last issued its quarterly earnings data on Tuesday, June 10th. The transport operator reported GBX 19.40 ($0.26) earnings per share for the quarter. FirstGroup had a negative net margin of 0.34% and a negative return on equity of 2.54%. Equities research analysts predict that FirstGroup plc will post 17.3782772 earnings per share for the current year.

Insiders Place Their Bets

In other FirstGroup news, insider Ryan Mangold sold 950,000 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of GBX 224 ($3.03), for a total value of £2,128,000 ($2,883,078.17). 3.64% of the stock is currently owned by insiders.

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.