FirstGroup (LON:FGP) Stock Passes Above 200 Day Moving Average – Should You Sell?

FirstGroup plc (LON:FGP) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 160.41 ($2.11) and traded as high as GBX 187 ($2.46). FirstGroup shares last traded at GBX 183.70 ($2.42), with a volume of 610,809 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 215 ($2.83) target price on shares of FirstGroup in a report on Tuesday, April 22nd.

FirstGroup Price Performance

The stock has a market capitalization of £1.08 billion, a price-to-earnings ratio of -85.83, a P/E/G ratio of 5.21 and a beta of 1.59. The company has a fifty day simple moving average of GBX 167.36 and a 200 day simple moving average of GBX 160.41. The company has a debt-to-equity ratio of 257.49, a quick ratio of 0.74 and a current ratio of 0.69.

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.