Shares of Mobico Group Plc (LON:MCG – Get Free Report) traded up 9.2% during mid-day trading on Friday. The company traded as high as GBX 24 and last traded at GBX 23.80. 4,674,613 shares changed hands during trading, a decline of 39% from the average daily volume of 7,698,854 shares. The stock had previously closed at GBX 21.80.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on MCG shares. Berenberg Bank restated a “hold” rating and issued a GBX 35 target price on shares of Mobico Group in a report on Tuesday, September 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 70 price objective on shares of Mobico Group in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 43.33.
View Our Latest Stock Analysis on MCG
Mobico Group Stock Performance
Mobico Group (LON:MCG – Get Free Report) last released its 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, sell-side analysts expect that Mobico Group Plc will post 14.0227704 earnings per share for the current year.
Insider Transactions at Mobico Group
In related news, insider Brian Egan sold 89,470 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of GBX 31, for a total value of £27,735.70. Also, insider Phil White sold 213,197 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of GBX 31, for a total transaction of £66,091.07. 2.25% of the stock is currently owned by corporate insiders.
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.
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