Mobico Group (LON:MCG) Trading Down 6.2% – What’s Next?

Mobico Group Plc (LON:MCG)’s share price fell 6.2% on Friday . The stock traded as low as GBX 18.76 and last traded at GBX 19.56. 9,493,099 shares were traded during mid-day trading, an increase of 17% from the average session volume of 8,081,002 shares. The stock had previously closed at GBX 20.86.

Analysts Set New Price Targets

Several brokerages recently weighed in on MCG. Royal Bank Of Canada lowered their price objective on Mobico Group from GBX 30 to GBX 25 and set a “sector perform” rating for the company in a report on Wednesday, March 25th. Berenberg Bank reissued a “hold” rating and issued a GBX 35 price objective on shares of Mobico Group in a report on Monday, January 19th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 30.

Mobico Group Price Performance

The company has a fifty day moving average price of GBX 22.35 and a 200 day moving average price of GBX 23.79. The company has a market capitalization of £126.10 million, a P/E ratio of -0.40 and a beta of 1.17.

Mobico Group (LON:MCG) last released its earnings results on Thursday, February 26th. The company reported GBX (19.20) earnings per share (EPS) for the quarter. Mobico Group had a negative net margin of 10.75% and a positive return on equity of 160.47%. On average, equities research analysts predict that Mobico Group Plc will post 14.0227704 earnings per share for the current fiscal year.

Mobico Group Company Profile

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.