Mobico Group (LON:MCG - Free Report) had its target price lowered by Berenberg Bank from GBX 66 ($0.90) to GBX 35 ($0.48) in a research report released on Wednesday morning, Marketbeat.com reports. The firm currently has a hold rating on the stock.
Mobico Group Trading Up 0.8%
MCG stock traded up GBX 0.24 ($0.00) during trading on Wednesday, reaching GBX 29 ($0.39). 4,241,140 shares of the stock were exchanged, compared to its average volume of 4,535,052. The business has a 50 day moving average price of GBX 28.89 and a 200-day moving average price of GBX 53.14. Mobico Group has a 1 year low of GBX 25.12 ($0.34) and a 1 year high of GBX 91.15 ($1.24). The firm has a market capitalization of £177.62 million, a price-to-earnings ratio of -1.26 and a beta of 1.60.
Mobico Group (LON:MCG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported GBX (134.80) (($1.83)) EPS for the quarter. Mobico Group had a negative return on equity of 13.71% and a negative net margin of 4.36%. On average, research analysts anticipate that Mobico Group will post 14.0227704 EPS for the current year.
Insider Activity at Mobico Group
In other Mobico Group news, insider Phil White purchased 330,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of GBX 29 ($0.39) per share, for a total transaction of £95,700 ($130,009.51). Corporate insiders own 26.06% of the company's stock.
Mobico Group Company Profile
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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.
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