Royal Bank Of Canada Has Lowered Expectations for Mobico Group (LON:MCG) Stock Price

Mobico Group (LON:MCG) had its target price lowered by Royal Bank Of Canada from GBX 30 to GBX 25 in a research report issued on Wednesday, Marketbeat Ratings reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 28.21% from the company’s current price.

Separately, Berenberg Bank restated a “hold” rating and set a GBX 35 price objective on shares of Mobico Group in a research note on Monday, January 19th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Mobico Group has an average rating of “Hold” and a consensus target price of GBX 30.

Mobico Group Trading Down 1.6%

LON MCG opened at GBX 19.50 on Wednesday. Mobico Group has a 12 month low of GBX 18.57 and a 12 month high of GBX 64.40. The stock has a 50 day moving average of GBX 23.39 and a 200-day moving average of GBX 24.70. The company has a market cap of £119.02 million, a PE ratio of -0.11 and a beta of 0.86.

Mobico Group (LON:MCG) last issued its earnings results on Thursday, February 26th. The company reported GBX (19.20) earnings per share for the quarter. Mobico Group had a positive return on equity of 160.47% and a negative net margin of 10.75%. As a group, sell-side analysts predict that Mobico Group 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.