Insider Buying: FirstGroup plc (LON:FGP) Insider Acquires 20,000 Shares of Stock

FirstGroup plc (LON:FGP) insider Graham Sutherland acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were bought at an average cost of GBX 153 ($2.00) per share, for a total transaction of £30,600 ($40,015.69).

FirstGroup Price Performance

Shares of LON:FGP traded up GBX 0.60 ($0.01) on Monday, hitting GBX 155.60 ($2.03). The company’s stock had a trading volume of 577,639 shares, compared to its average volume of 1,315,694. The company has a 50-day simple moving average of GBX 164.28 and a 200 day simple moving average of GBX 166.91. FirstGroup plc has a 1 year low of GBX 139.90 ($1.83) and a 1 year high of GBX 189 ($2.47). The company has a market capitalization of £935.00 million, a PE ratio of -15,500.00, a PEG 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.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FGP shares. Royal Bank of Canada reissued an “outperform” rating and set a GBX 200 ($2.62) price objective on shares of FirstGroup in a report on Wednesday, June 12th. Berenberg Bank raised their price target on FirstGroup from GBX 195 ($2.55) to GBX 205 ($2.68) and gave the company a “buy” rating in a report 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.