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

FirstGroup plc (LON:FGP)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 154.90 ($1.95) and traded as high as GBX 166.50 ($2.10). FirstGroup shares last traded at GBX 162.90 ($2.05), with a volume of 355,211 shares.

Analyst Ratings Changes

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

FirstGroup Price Performance

The company has a market capitalization of £978.87 million, a PE ratio of -8,145.00, 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 current ratio of 0.69 and a quick ratio of 0.74. The stock’s 50 day simple moving average is GBX 149.83 and its 200-day simple moving average is GBX 154.90.

FirstGroup Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 28th will be given a GBX 1.70 ($0.02) dividend. The ex-dividend date is Thursday, November 28th. This represents a yield of 1.24%. FirstGroup’s dividend payout ratio is presently -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.