Mobico Group (LON:MCG) Earns “Hold” Rating from Berenberg Bank

Mobico Group (LON:MCG)‘s stock had its “hold” rating reissued by equities research analysts at Berenberg Bank in a research note issued on Monday, Marketbeat Ratings reports. They currently have a GBX 35 target price on the stock. Berenberg Bank’s price target suggests a potential upside of 65.41% from the stock’s current price.

Separately, Royal Bank Of Canada reduced their price objective on Mobico Group from GBX 35 to GBX 30 and set a “sector perform” rating on the stock in a research note on Monday, October 6th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 32.50.

Mobico Group Trading Down 2.4%

Mobico Group stock opened at GBX 21.16 on Monday. The firm has a market capitalization of £129.15 million, a P/E ratio of -0.12 and a beta of 1.60. Mobico Group has a 52 week low of GBX 18.57 and a 52 week high of GBX 78.46. The stock has a fifty day moving average price of GBX 22.92 and a 200 day moving average price of GBX 28.04.

About Mobico Group

Mobico Group is a leading international transport operator, diversified internationally and by business area; with operations in North America, continental Europe, the UK and North Africa.

We provide safe, efficient, clean and reliable shared mobility solutions to cities, businesses, education, healthcare and customers.

We are internationally diversified with a balanced portfolio of high quality contracts and market-leading customer brands.

We help millions of people around the world every day, getting them safely and reliably to work, school, to family and friends.

We are leveraging our network economies to shape the future of multi-modal transport.