Mobico Group (LON:MCG) Trading Up 15.2% – Here’s What Happened

Mobico Group Plc (LON:MCGGet Free Report) was up 15.2% during mid-day trading on Thursday . The company traded as high as GBX 24.68 and last traded at GBX 24.22. Approximately 9,052,592 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 9,055,922 shares. The stock had previously closed at GBX 21.02.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada cut their price target on Mobico Group from GBX 30 to GBX 25 and set a “sector perform” rating on the stock in a research report on Wednesday, March 25th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 30.

Get Our Latest Stock Report on Mobico Group

Mobico Group Price Performance

The business’s 50 day simple moving average is GBX 22.47 and its 200 day simple moving average is GBX 22.73. The company has a market capitalization of £135.82 million, a price-to-earnings ratio of -0.43 and a beta of 1.32.

About Mobico Group

(Get Free Report)

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.

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