Mobico Group (LON:MCG) Given "Hold" Rating at Berenberg Bank

Key Points

• Berenberg Bank has reiterated a "hold" rating for Mobico Group (LON:MCG), with a target price of GBX 35, suggesting a potential upside of 21.28% from the previous close.
• Mobico Group's recent quarterly earnings report showed an earnings per share of GBX 3.80 and a negative return on equity of 13.71%.
• The company's stock is currently trading at GBX 28.86, with a 1-year high of GBX 91.15 and a market capitalization of £176.15 million.

Mobico Group (LON:MCG - Get Free Report)'s stock had its "hold" rating reiterated by analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 35 target price on the stock. Berenberg Bank's price target would indicate a potential upside of 21.28% from the company's previous close.

Mobico Group Trading Up 0.1%

Shares of MCG stock opened at GBX 28.86 on Tuesday. Mobico Group has a 1-year low of GBX 24.30 and a 1-year high of GBX 91.15. The company has a market capitalization of £176.15 million, a price-to-earnings ratio of -21.41 and a beta of 1.60. The stock's fifty day simple moving average is GBX 33.04 and its 200-day simple moving average is GBX 37.28.

Mobico Group (LON:MCG - Get Free Report) last issued its quarterly earnings results on Tuesday, September 9th. The company reported GBX 3.80 earnings per share for the quarter. Mobico Group had a negative return on equity of 13.71% and a negative net margin of 4.36%. On average, sell-side analysts predict 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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