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

FirstGroup plc (LON:FGP) hit a new 52-week low during 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 traded. The stock had previously closed at GBX 140.60 ($1.82).

Wall Street Analysts Forecast Growth

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

FirstGroup Price Performance

The stock has a market capitalization of £808.21 million, a price-to-earnings ratio of -6,765.00, a PEG ratio of 5.21 and a beta of 1.59. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 256.40. The stock has a 50-day moving average price of GBX 147.60 and a 200 day moving average price of GBX 159.98.

Insider Buying and Selling at FirstGroup

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

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.