FirstGroup (LON:FGP) Sets New 1-Year Low – Here’s Why

FirstGroup plc (LON:FGP)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 133 ($1.72) and last traded at GBX 133.90 ($1.74), with a volume of 277230 shares trading hands. The stock had previously closed at GBX 140.60 ($1.82).

Analysts Set New Price Targets

Separately, Berenberg Bank boosted their price target on shares of FirstGroup from GBX 195 ($2.53) to GBX 205 ($2.66) and gave the stock a “buy” rating in a report on Monday, July 8th.

FirstGroup Trading Down 6.1 %

The company has a 50 day simple moving average of GBX 148.73 and a 200 day simple moving average of GBX 160.57. The company has a market capitalization of £793.19 million, a PE ratio of -7,030.00, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The company has a debt-to-equity ratio of 256.40, a quick ratio of 0.74 and a current ratio of 0.69.

Insider Transactions at FirstGroup

In other news, insider Graham Sutherland acquired 20,000 shares of FirstGroup stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of GBX 153 ($1.98) per share, with a total value of £30,600 ($39,683.57). In other news, insider Ryan Mangold sold 494,190 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of GBX 159 ($2.06), for a total value of £785,762.10 ($1,019,014.52). Also, insider Graham Sutherland purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was bought at an average cost of GBX 153 ($1.98) per share, with a total value of £30,600 ($39,683.57). Corporate insiders own 3.64% of the company’s stock.

FirstGroup Company Profile

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.