FirstGroup (LON:FGP) Trading 12.1% Higher – What’s Next?

FirstGroup plc (LON:FGP) traded up 12.1% on Wednesday . The stock traded as high as GBX 219.80 ($2.97) and last traded at GBX 217.20 ($2.93). 6,579,389 shares traded hands during mid-day trading, an increase of 120% from the average session volume of 2,986,402 shares. The stock had previously closed at GBX 193.80 ($2.62).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 215 ($2.90) target price on shares of FirstGroup in a research report on Tuesday, April 22nd.

FirstGroup Price Performance

The company has a market capitalization of £1.25 billion, a price-to-earnings ratio of -99.33, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The company has a debt-to-equity ratio of 257.49, a current ratio of 0.69 and a quick ratio of 0.74. The business has a fifty day moving average price of GBX 176.52 and a 200 day moving average price of GBX 167.71.

FirstGroup (LON:FGP) last issued its quarterly earnings results on Tuesday, June 10th. The transport operator reported GBX 19.40 ($0.26) EPS for the quarter. FirstGroup had a negative return on equity of 2.54% and a negative net margin of 0.34%. On average, research analysts expect that FirstGroup plc will post 17.3782772 earnings per share for the current fiscal year.

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.