Mobico Group (LON:MCG) Trading Down 0.2% – Should You Sell?

Shares of Mobico Group Plc (LON:MCG) dropped 0.2% on Wednesday . The company traded as low as GBX 25.12 and last traded at GBX 25.46. Approximately 17,503,896 shares were traded during trading, an increase of 262% from the average daily volume of 4,831,366 shares. The stock had previously closed at GBX 25.50.

Analysts Set New Price Targets

MCG has been the topic of several analyst reports. Royal Bank Of Canada cut their target price on Mobico Group from GBX 35 to GBX 30 and set a “sector perform” rating on the stock in a research note on Monday, October 6th. Berenberg Bank restated a “buy” rating and issued a GBX 35 price target on shares of Mobico Group in a report on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 32.50.

Mobico Group Stock Down 0.5%

The company has a market capitalization of £155.45 million, a PE ratio of -0.15 and a beta of 1.60. The business has a 50 day simple moving average of GBX 27.87 and a 200 day simple moving average of GBX 30.18.

Mobico Group (LON:MCG) last posted its quarterly earnings data on Tuesday, September 9th. The company reported GBX 3.80 earnings per share (EPS) for the quarter. Mobico Group had a negative net margin of 4.36% and a negative return on equity of 13.71%. Equities analysts expect 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.