Insider Buying: FirstGroup plc (LON:FGP) Insider Acquires 93 Shares of Stock

FirstGroup plc (LON:FGP) insider Ryan Mangold purchased 93 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were bought at an average price of GBX 162 ($2.04) per share, for a total transaction of £150.66 ($190.16).

FirstGroup Trading Up 0.3 %

LON:FGP opened at GBX 166.40 ($2.10) on Friday. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 256.40. FirstGroup plc has a 1-year low of GBX 128.60 ($1.62) and a 1-year high of GBX 189 ($2.39). The firm has a market capitalization of £999.90 million, a price-to-earnings ratio of -8,320.00, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The stock has a fifty day simple moving average of GBX 144.39 and a 200 day simple moving average of GBX 155.30.

FirstGroup Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 28th will be given a GBX 1.70 ($0.02) dividend. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 1.24%. FirstGroup’s dividend payout ratio (DPR) is presently -30,000.00%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 205 ($2.59) price objective on shares of FirstGroup in a research note on Monday, December 9th.

FirstGroup Company Profile

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.