Mobico Group Plc (LON:MCG – Get Free Report) shares rose 6.9% during mid-day trading on Wednesday . The company traded as high as GBX 31.50 and last traded at GBX 29.60. 33,355,305 shares changed hands during trading, an increase of 273% from the average session volume of 8,934,635 shares. The stock had previously closed at GBX 27.70.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 35 target price on shares of Mobico Group in a report on Wednesday. Jefferies Financial Group reissued a “buy” rating and issued a GBX 70 price target on shares of Mobico Group in a report on Wednesday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Mobico Group currently has an average rating of “Hold” and an average price target of GBX 43.33.
Check Out Our Latest Research Report on Mobico Group
Mobico Group Stock Up 6.9%
Mobico Group (LON:MCG – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX (22.62) 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%. As a group, equities analysts anticipate that Mobico Group Plc will post 14.0227704 EPS 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.
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