Berenberg Bank Reaffirms Hold Rating for Mobico Group (LON:MCG)

Key Points

• Berenberg Bank reaffirmed its “hold” rating on Mobico Group and maintained a GBX 35 price target, implying approximately 48.9% upside from the stock’s GBX 23.50 opening price.
• Analyst sentiment remains mixed: Jefferies reiterated a “buy” rating with a GBX 70 target, while the overall consensus is “Hold” with an average target price of GBX 43.33.
• Mobico reported a quarterly loss of GBX 22.62 per share, while insiders Phil White and Brian Egan sold shares worth approximately £66,091 and £27,736, respectively.

Mobico Group (LON:MCG - Get Free Report)'s stock had its "hold" rating reiterated by research analysts at Berenberg Bank in a note issued to investors on Tuesday, London Stock Exchange reports. They currently have a GBX 35 price objective on the stock. Berenberg Bank's target price indicates a potential upside of 48.94% from the stock's current price.

Separately, Jefferies Financial Group restated a "buy" rating and issued a GBX 70 price objective on shares of Mobico Group in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of GBX 43.33.

Mobico Group Price Performance

Shares of Mobico Group stock opened at GBX 23.50 on Tuesday. The stock has a market capitalization of £143.17 million, a price-to-earnings ratio of -0.45 and a beta of 1.31. The business has a 50-day moving average of GBX 24.92 and a 200 day moving average of GBX 23.32. Mobico Group has a 12 month low of GBX 17.06 and a 12 month high of GBX 32.77.

Mobico Group (LON:MCG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported GBX (22.62) earnings per share (EPS) for the quarter. Mobico Group had a positive return on equity of 160.47% and a negative net margin of 10.75%. Equities research analysts anticipate that Mobico Group will post 14.0227704 earnings per share for the current year.

Insider Buying and Selling at Mobico Group

In related news, insider Phil White sold 213,197 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of GBX 31, for a total transaction of £66,091.07. Also, insider Brian Egan sold 89,470 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of GBX 31, for a total value of £27,735.70. 2.25% of the stock is currently owned by 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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