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

FirstGroup plc (LON:FGP) insider Graham Sutherland acquired 20,000 shares of FirstGroup stock in a transaction on Monday, September 16th. The stock was acquired at an average price of GBX 153 ($2.00) per share, with a total value of £30,600 ($40,015.69).

FirstGroup Stock Performance

Shares of LON FGP traded up GBX 0.60 ($0.01) during trading on Monday, reaching GBX 155.60 ($2.03). 577,639 shares of the stock traded hands, compared to its average volume of 1,315,694. FirstGroup plc has a 52-week low of GBX 139.90 ($1.83) and a 52-week high of GBX 189 ($2.47). 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 company has a 50-day moving average of GBX 164.28 and a 200-day moving average of GBX 166.91. The stock has a market capitalization of £935.00 million, a P/E ratio of -15,500.00, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Berenberg Bank upped their price target on FirstGroup from GBX 195 ($2.55) to GBX 205 ($2.68) and gave the company a “buy” rating in a research report on Monday, July 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 200 ($2.62) price target on shares of FirstGroup in a research report on Wednesday, June 12th.

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.