Firstgroup (OTCMKTS:FGROY) Shares Gap Up – Still a Buy?

Firstgroup PLC Unsponsored ADR (OTCMKTS:FGROY) shares gapped up before the market opened on Thursday . The stock had previously closed at $2.25, but opened at $2.50. Firstgroup shares last traded at $2.50, with a volume of 1,000 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reissued an “outperform” rating on shares of Firstgroup in a report on Monday, December 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Firstgroup presently has a consensus rating of “Buy”.

Firstgroup Trading Up 11.1%

The company’s 50 day simple moving average is $2.45 and its 200-day simple moving average is $2.68. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.68 and a current ratio of 0.70.

About Firstgroup

FirstGroup plc is a transport operator headquartered in Aberdeen, Scotland, providing bus, coach and rail services across the United Kingdom and North America. The company’s core businesses comprise First Bus, which operates local and regional bus networks in urban and rural communities; First Rail, which holds and operates rail franchises on the UK network; and First Transit, a subsidiary offering outsourced transit management services to public agencies and institutions.

Since its formation in 1986 following the privatization of British Rail, FirstGroup has grown through organic bidding for UK rail and bus contracts and strategic acquisitions overseas.