FirstGroup (LON:FGP) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of FirstGroup plc (LON:FGP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 154.96 ($1.92) and traded as high as GBX 170 ($2.11). FirstGroup shares last traded at GBX 161.20 ($2.00), with a volume of 767,834 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 205 ($2.54) target price on shares of FirstGroup in a research report on Monday, December 9th.

FirstGroup Stock Up 1.2 %

The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 256.40. The stock has a 50-day simple moving average of GBX 160.76 and a two-hundred day simple moving average of GBX 154.93. The firm has a market cap of £980.07 million, a PE ratio of -8,155.00, a P/E/G ratio of 5.21 and a beta of 1.59.

FirstGroup (LON:FGP) last announced its quarterly earnings data on Thursday, November 14th. The transport operator reported GBX 8.50 ($0.11) earnings per share for the quarter. FirstGroup had a negative return on equity of 0.53% and a negative net margin of 0.34%. Analysts expect that FirstGroup plc will post 17.3782772 earnings per share for the current year.

FirstGroup Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 28th were paid a GBX 1.70 ($0.02) dividend. The ex-dividend date was Thursday, November 28th. This represents a dividend yield of 1.24%. FirstGroup’s dividend payout ratio (DPR) is -30,000.00%.

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.