Mobico Group (LON:MCG) Posts Earnings Results

Key Points

• Mobico Group reported a quarterly earnings per share (EPS) of GBX 3.80, along with a negative net margin of 4.36% and a negative return on equity of 13.71%.
• The stock opened at GBX 27.06, with a 52-week range of GBX 24.30 to GBX 91.15, and currently holds a market capitalization of £165.16 million.
• Analysts from Berenberg Bank reduced their target price for Mobico Group from GBX 66 to GBX 35, maintaining a "hold" rating for the stock.

Mobico Group (LON:MCG - Get Free Report) announced its earnings results on Tuesday. The company reported GBX 3.80 EPS for the quarter, Digital Look Earnings reports. Mobico Group had a negative return on equity of 13.71% and a negative net margin of 4.36%.

Mobico Group Trading Up 2.2%

Mobico Group stock traded up GBX 0.60 during midday trading on Friday, reaching GBX 28.10. 6,549,952 shares of the stock traded hands, compared to its average volume of 5,151,752. Mobico Group has a 12-month low of GBX 24.30 and a 12-month high of GBX 91.15. The firm has a market cap of £171.51 million, a PE ratio of -20.85 and a beta of 1.60. The company has a 50-day simple moving average of GBX 33.46 and a two-hundred day simple moving average of GBX 40.10.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "hold" rating and set a GBX 35 target price on shares of Mobico Group in a report on Tuesday, September 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of GBX 35.

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.