Mobico Group (LON:MCG) Stock Price Up 14% – Here’s Why

Mobico Group Plc (LON:MCG)’s stock price rose 14% on Wednesday . The company traded as high as GBX 24.10 and last traded at GBX 23.28. Approximately 18,398,523 shares were traded during mid-day trading, an increase of 124% from the average daily volume of 8,222,593 shares. The stock had previously closed at GBX 20.42.

Wall Street Analyst Weigh In

MCG has been the topic of a number of research analyst reports. Berenberg Bank reissued a “hold” rating and issued a GBX 35 price target on shares of Mobico Group in a report on Monday, January 19th. Royal Bank Of Canada cut their price target on shares of Mobico Group from GBX 30 to GBX 25 and set a “sector perform” rating on the stock in a report on Wednesday, March 25th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 30.

Mobico Group Price Performance

The firm has a market capitalization of £142.09 million, a PE ratio of -0.45 and a beta of 1.17. The company’s fifty day simple moving average is GBX 22.28 and its 200 day simple moving average is GBX 23.65.

Mobico Group (LON:MCG) last announced its quarterly earnings results on Thursday, February 26th. The company reported GBX (19.20) earnings per share for the quarter. Mobico Group had a negative net margin of 10.75% and a positive return on equity of 160.47%. On average, analysts anticipate 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.