FirstGroup (LON:FGP) Shares Cross Above 200-Day Moving Average of $117.92

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FirstGroup plc (LON:FGP) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $117.92 and traded as high as $121.86. FirstGroup shares last traded at $120.00, with a volume of 1,982,551 shares trading hands.

A number of equities analysts recently issued reports on the company. Liberum Capital reaffirmed a “buy” rating and issued a GBX 140 ($1.83) price target on shares of FirstGroup in a report on Thursday, November 14th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 124 ($1.62) price target on shares of FirstGroup in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. lowered their price target on FirstGroup from GBX 145 ($1.89) to GBX 142 ($1.86) and set an “overweight” rating for the company in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 124.14 ($1.62).

The company has a debt-to-equity ratio of 189.24, a current ratio of 0.80 and a quick ratio of 0.69. The stock has a 50 day simple moving average of GBX 125.47 and a two-hundred day simple moving average of GBX 117.92. The company has a market cap of $1.46 billion and a PE ratio of -6.22.

In related news, insider Matthew Gregory purchased 23,177 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of GBX 108 ($1.41) per share, for a total transaction of £25,031.16 ($32,707.64). In the last quarter, insiders acquired 106,970 shares of company stock valued at $13,395,369.

About FirstGroup (LON:FGP)

FirstGroup plc provides passenger transport services. The company's First Student segment provides student transportation services through a fleet of approximately 44,000 yellow school buses in North America. This segment also offers charter hire services for school and non-school activities. Its First Transit segment offers public transit management and contracting services, including fixed route, paratransit, shuttle, and vehicle maintenance services to transit authorities, such as federal, state, and local transportation departments, as well as for private institutions, including universities, hospitals, and airports in North America.

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