Berenberg Bank Has Lowered Expectations for Mobico Group (LON:MCG) Stock Price

Mobico Group (LON:MCG - Free Report) had its price target cut by Berenberg Bank from GBX 66 ($0.89) to GBX 35 ($0.47) in a research note published on Wednesday, MarketBeat.com reports. They currently have a hold rating on the stock.

Mobico Group Stock Up 0.8%

Shares of MCG traded up GBX 0.24 ($0.00) during midday trading on Wednesday, reaching GBX 29 ($0.39). The company had a trading volume of 4,241,140 shares, compared to its average volume of 4,535,052. Mobico Group has a 1-year low of GBX 25.12 ($0.34) and a 1-year high of GBX 91.15 ($1.23). The firm has a 50 day simple moving average of GBX 28.85 and a 200-day simple moving average of GBX 52.41. The stock has a market cap of £177.62 million, a PE ratio of -1.26 and a beta of 1.60.

Mobico Group (LON:MCG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported GBX (134.80) (($1.82)) 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%. As a group, sell-side analysts anticipate that Mobico Group will post 14.0227704 earnings per share for the current fiscal year.

Insider Activity

In other Mobico Group news, insider Phil White acquired 330,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average cost of GBX 29 ($0.39) per share, for a total transaction of £95,700 ($129,062.71). 26.06% of the stock is owned by corporate 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.