Berenberg Bank Reiterates "Buy" Rating for Mobico Group (LON:MCG)

Key Points

• Berenberg Bank has reaffirmed its "Buy" rating for Mobico Group, setting a target price of GBX 35, suggesting a potential upside of 23.24% from the current stock price.
• The Royal Bank of Canada has revised their price objective for Mobico Group to GBX 30 and rated it as "sector perform".
• Mobico Group has reported a quarterly earnings per share (EPS) of GBX 3.80, with analysts predicting an annual EPS of approximately 14.02.

Mobico Group (LON:MCG - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Berenberg Bank in a note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 35 price objective on the stock. Berenberg Bank's target price would indicate a potential upside of 23.24% from the company's current price.

Separately, Royal Bank Of Canada reduced their price objective on Mobico Group from GBX 35 to GBX 30 and set a "sector perform" rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Mobico Group presently has an average rating of "Moderate Buy" and a consensus target price of GBX 32.50.

Mobico Group Stock Performance

MCG stock traded up GBX 0.66 during trading on Thursday, hitting GBX 28.40. 11,467,509 shares of the company traded hands, compared to its average volume of 5,043,705. Mobico Group has a 1 year low of GBX 24.30 and a 1 year high of GBX 91.15. The company has a 50-day moving average of GBX 31.77 and a 200-day moving average of GBX 35.94. The firm has a market capitalization of £173.34 million, a PE ratio of -16.67 and a beta of 1.60.

Mobico Group (LON:MCG - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The company reported GBX 3.80 earnings per share (EPS) for the quarter. Mobico Group had a negative return on equity of 13.71% and a negative net margin of 4.36%. Sell-side analysts expect that Mobico Group will post 14.0227704 EPS for the current year.

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.

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