Mobico Group (LON:MCG) Stock Price Down 1.3% – Should You Sell?

Shares of Mobico Group Plc (LON:MCG) dropped 1.3% during trading on Tuesday . The company traded as low as GBX 25.54 and last traded at GBX 25.74. Approximately 9,326,077 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 6,847,098 shares. The stock had previously closed at GBX 26.08.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “hold” rating and set a GBX 35 price objective on shares of Mobico Group in a research report on Monday, January 19th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Mobico Group currently has an average rating of “Hold” and a consensus target price of GBX 32.50.

Mobico Group Price Performance

The company has a market capitalization of £157.10 million, a PE ratio of -0.15 and a beta of 1.60. The company has a 50 day moving average of GBX 23.28 and a two-hundred day moving average of GBX 27.06.

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.