FirstGroup (LON:FGP) Stock Passes Above 200-Day Moving Average – Here’s What Happened

FirstGroup plc (LON:FGP) 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 ($1.94) and traded as high as GBX 162.10 ($2.04). FirstGroup shares last traded at GBX 160.80 ($2.02), with a volume of 2,737,894 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 205 ($2.58) price target on shares of FirstGroup in a research note on Monday, December 9th.

FirstGroup Price Performance

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’s fifty day moving average price is GBX 162.56 and its two-hundred day moving average price is GBX 153.91. The stock has a market capitalization of £944.18 million, a PE ratio of -75.04, a PEG 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.