FirstGroup (LON:FGP) Stock Crosses Above 200 Day Moving Average – Time to Sell?

FirstGroup plc (LON:FGP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 154.50 ($2.00) and traded as high as GBX 176.80 ($2.29). FirstGroup shares last traded at GBX 173.50 ($2.24), with a volume of 888,154 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 205 ($2.65) target price on shares of FirstGroup in a research note on Monday, December 9th.

FirstGroup Price Performance

The company’s 50-day moving average price is GBX 163.46 and its 200-day moving average price is GBX 154.65. The company has a debt-to-equity ratio of 257.49, a current ratio of 0.69 and a quick ratio of 0.74. The company has a market cap of £1.03 billion, a P/E ratio of -82.14, a P/E/G ratio of 5.21 and a beta of 1.59.

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.