FirstGroup (LON:FGP) Sets New 12-Month High – Here’s What Happened

FirstGroup plc (LON:FGP) reached a new 52-week high during trading on Monday. The stock traded as high as GBX 218.40 and last traded at GBX 217.20, with a volume of 97,738,086 shares trading hands. The stock had previously closed at GBX 212.86.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 255 price objective on shares of FirstGroup in a report on Monday, July 6th. Berenberg Bank upped their target price on shares of FirstGroup from GBX 240 to GBX 255 and gave the stock a “buy” rating in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 251.25.

FirstGroup Stock Performance

The company has a current ratio of 0.73, a quick ratio of 0.74 and a debt-to-equity ratio of 163.00. The stock’s fifty day simple moving average is GBX 182.63 and its 200 day simple moving average is GBX 178.20. The company has a market cap of £1.12 billion, a price-to-earnings ratio of 10.54, a P/E/G ratio of 5.21 and a beta of 0.68.

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.