Insider Buying: FirstGroup plc (LON:FGP) Insider Acquires £30,600 in Stock

FirstGroup plc (LON:FGP) insider Graham Sutherland bought 20,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was bought at an average price of GBX 153 ($2.02) per share, for a total transaction of £30,600 ($40,422.72).

FirstGroup Price Performance

FGP opened at GBX 156.50 ($2.07) on Thursday. The firm has a market cap of £940.41 million, a price-to-earnings ratio of -15,650.00, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. FirstGroup plc has a fifty-two week low of GBX 139.90 ($1.85) and a fifty-two week high of GBX 189 ($2.50). The company’s 50-day moving average price is GBX 163.64 and its 200 day moving average price is GBX 166.89. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 256.40.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FGP. Royal Bank of Canada restated an “outperform” rating and issued a GBX 200 ($2.64) target price on shares of FirstGroup in a research note on Wednesday, June 12th. Berenberg Bank upped their target price on shares of FirstGroup from GBX 195 ($2.58) to GBX 205 ($2.71) and gave the company a “buy” rating in a research note on Monday, July 8th.

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.