FirstGroup (LON:FGP) Shares Cross Below 50 Day Moving Average of $103.36

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FirstGroup plc (LON:FGP) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $103.36 and traded as low as $106.00. FirstGroup shares last traded at $108.70, with a volume of 613,141 shares changing hands.

A number of brokerages have issued reports on FGP. HSBC lowered SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of in a research report on Tuesday, June 25th. Jefferies Financial Group reaffirmed a “hold” rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Canaccord Genuity upped their target price on from GBX 91 ($1.19) to GBX 109 ($1.42) and gave the company a “hold” rating in a research report on Tuesday, June 4th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 119 ($1.55) target price on shares of in a research report on Wednesday, June 26th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 116.88 ($1.53).

The company has a debt-to-equity ratio of 108.25, a current ratio of 1.01 and a quick ratio of 0.87. The business has a 50-day simple moving average of GBX 103.24. The company has a market capitalization of $1.32 billion and a PE ratio of -19.76.

FirstGroup Company Profile (LON:FGP)

FirstGroup plc provides passenger transport services. The company's First Student segment provides student transportation services through a fleet of approximately 44,000 yellow school buses in North America. This segment also offers charter hire services for school and non-school activities. Its First Transit segment offers public transit management and contracting services, including fixed route, paratransit, shuttle, and vehicle maintenance services to transit authorities, such as federal, state, and local transportation departments, as well as for private institutions, including universities, hospitals, and airports in North America.

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