FirstGroup (LON:FGP) Shares Pass Above 200-Day Moving Average – Time to Sell?

FirstGroup plc (LON:FGP) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 154.50 ($1.92) and traded as high as GBX 164.10 ($2.04). FirstGroup shares last traded at GBX 162.50 ($2.02), with a volume of 390,843 shares.

Wall Street Analyst Weigh In

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

FirstGroup Stock Down 0.3 %

The stock has a market capitalization of £976.46 million, a PE ratio of -8,125.00, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 256.40. The company’s 50-day moving average is GBX 161.57 and its 200 day moving average is GBX 154.50.

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 net margin of 0.34% and a negative return on equity of 0.53%. As a group, analysts anticipate that FirstGroup plc will post 17.3782772 EPS for the current year.

FirstGroup Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 28th were paid a dividend of GBX 1.70 ($0.02) per share. The ex-dividend date of this dividend was Thursday, November 28th. This represents a yield of 1.24%. FirstGroup’s payout ratio is presently -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.