FirstGroup (LON:FGP) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

FirstGroup plc (LON:FGP)’s stock price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 175.88 and traded as high as GBX 192.30. FirstGroup shares last traded at GBX 189.94, with a volume of 1,832,610 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 255 price objective on shares of FirstGroup in a research report on Monday, July 6th. Berenberg Bank lifted their price objective on shares of FirstGroup from GBX 240 to GBX 255 and gave the stock a “buy” rating in a report on Monday, July 20th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat, FirstGroup has an average rating of “Buy” and an average target price of GBX 251.25.

FirstGroup Trading Up 1.6%

The business’s 50-day simple moving average is GBX 178.76 and its 200-day simple moving average is GBX 175.88. The company has a market cap of £982.87 million, a PE ratio of 9.22, a P/E/G ratio of 5.21 and a beta of 0.69. The company has a current ratio of 0.73, a quick ratio of 0.74 and a debt-to-equity ratio of 163.00.

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.