FirstGroup (LON:FGP) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

FirstGroup plc (LON:FGP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 155.12 ($1.91) and traded as high as GBX 170 ($2.09). FirstGroup shares last traded at GBX 162.60 ($2.00), with a volume of 697,035 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 205 ($2.52) target price on shares of FirstGroup in a report on Monday, December 9th.

FirstGroup Trading Up 0.4 %

The firm has a market cap of £977.06 million, a P/E ratio of -8,130.00, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The company’s fifty day moving average price is GBX 157.80 and its two-hundred day moving average price is GBX 155.12. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 256.40.

FirstGroup (LON:FGP) last posted its earnings results on Thursday, November 14th. The transport operator reported GBX 8.50 ($0.10) earnings per share (EPS) for the quarter. FirstGroup had a negative net margin of 0.34% and a negative return on equity of 0.53%. As a group, sell-side analysts predict that FirstGroup plc will post 17.3782772 EPS for the current fiscal year.

FirstGroup Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 28th were issued 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 is -30,000.00%.

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.