FirstGroup (LON:FGP) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

by · The Markets Daily

FirstGroup plc (LON:FGP – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 155.10 ($1.95) and traded as high as GBX 175 ($2.20). FirstGroup shares last traded at GBX 164.90 ($2.07), with a volume of 2,015,856 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 205 ($2.58) target price on shares of FirstGroup in a report on Monday, December 9th.

Get Our Latest Stock Report on FirstGroup

FirstGroup Stock Down 0.3 %

The company’s 50-day simple moving average is GBX 147.17 and its two-hundred day simple moving average is GBX 155.17. The firm has a market capitalization of £987.88 million, a P/E ratio of -8,220.00, a P/E/G ratio of 5.21 and a beta of 1.59. The company has a debt-to-equity ratio of 256.40, a current ratio of 0.69 and a quick ratio of 0.74.

FirstGroup Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 28th will be given a dividend of GBX 1.70 ($0.02) per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 1.24%. FirstGroup’s dividend payout ratio (DPR) is presently -30,000.00%.

About FirstGroup

(Get Free Report)

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.

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