Mobico Group (LON:MCG) Shares Up 8.6% – What’s Next?

Shares of Mobico Group Plc (LON:MCGGet Free Report) shot up 8.6% during trading on Wednesday . The company traded as high as GBX 26.60 and last traded at GBX 26.49. 5,208,599 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 10,569,706 shares. The stock had previously closed at GBX 24.40.

Analyst Upgrades and Downgrades

A number of research firms have commented on MCG. Berenberg Bank reissued a “hold” rating and issued a GBX 35 price target on shares of Mobico Group in a research note on Monday, January 19th. Royal Bank Of Canada cut their price target on shares of Mobico Group from GBX 30 to GBX 25 and set a “sector perform” rating for the company in a research note on Wednesday, March 25th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Mobico Group presently has an average rating of “Hold” and a consensus target price of GBX 30.

View Our Latest Stock Report on MCG

Mobico Group Stock Performance

The company has a market cap of £156.00 million, a PE ratio of -0.49 and a beta of 1.17. The stock’s 50 day moving average price is GBX 22.40 and its 200-day moving average price is GBX 23.59.

Mobico Group (LON:MCGGet Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported GBX (19.20) earnings per share (EPS) for the quarter. Mobico Group had a negative net margin of 10.75% and a positive return on equity of 160.47%. On average, analysts anticipate that Mobico Group Plc will post 14.0227704 EPS for the current year.

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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