FirstGroup (LON:FGP) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

FirstGroup plc (LON:FGP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 209.14 and traded as high as GBX 220.80. FirstGroup shares last traded at GBX 207.80, with a volume of 286,913 shares.Analysts Set New Price TargetsSeparately, Berenberg Bank boosted their price target on FirstGroup from GBX 215 to GBX 240 and gave the stock a "buy" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of GBX 240.Check Out Our Latest Stock Report on FGPFirstGroup Stock Down 1.2%The company has a debt-to-equity ratio of 257.49, a current ratio of 0.69 and a quick ratio of 0.74. The business has a 50 day moving average price of GBX 216.58 and a 200 day moving average price of GBX 209.14. The firm has a market capitalization of £1.12 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. Insider Transactions at FirstGroupIn other news, insider Ryan Mangold sold 472,462 shares of FirstGroup stock in a transaction dated Monday, August 18th. The stock was sold at an average price of GBX 226, for a total value of £1,067,764.12. Also, insider Graham Sutherland sold 458,035 shares of FirstGroup stock in a transaction dated Monday, August 18th. The stock was sold at an average price of GBX 226, for a total value of £1,035,159.10. Insiders own 0.93% of the company's stock. FirstGroup Company Profile (Get Free Report)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.Read MoreFive stocks we like better than FirstGroupUsing the MarketBeat Dividend Yield CalculatorThese 3 High-Momentum ETFs Are Riding the Tech Wave3 Best Fintech Stocks for a Portfolio BoostVerizon Results Trigger Rebound in High-Yield StockGolden Cross Stocks: Pattern, Examples and Charts Picks & Shovels: Investing in the Physical Foundation of AIThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in FirstGroup Right Now?Before you consider FirstGroup, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FirstGroup wasn't on the list.While FirstGroup currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here