Mobico Group (LON:MCG) Price Target Cut to GBX 30 by Analysts at Royal Bank Of Canada

Key Points

• Royal Bank Of Canada has lowered its price target for Mobico Group from GBX 35 to GBX 30, maintaining a "sector perform" rating for the stock.
• Shares of Mobico Group experienced a decline of 2.0%, trading at GBX 26.55, with a market capitalization of £162.07 million and a negative P/E ratio of -15.58.
• Mobico Group has an ongoing negative net margin of 4.36% and is expected to post earnings per share of 14.02 for the current year, reflecting challenges in profitability.

Mobico Group (LON:MCG - Get Free Report) had its price objective decreased by research analysts at Royal Bank Of Canada from GBX 35 to GBX 30 in a research report issued on Monday, Marketbeat.com reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective indicates a potential upside of 12.98% from the stock's current price.

Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 35 price target on shares of Mobico Group in a research report on Tuesday, September 30th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of GBX 32.50.

Mobico Group Stock Down 2.0%

Shares of Mobico Group stock traded down GBX 0.55 on Monday, hitting GBX 26.55. 7,123,697 shares of the company were exchanged, compared to its average volume of 5,017,796. The stock has a market capitalization of £162.07 million, a price-to-earnings ratio of -15.58 and a beta of 1.60. The company has a 50-day moving average price of GBX 32.09 and a 200 day moving average price of GBX 36.06. Mobico Group has a 1-year low of GBX 24.30 and a 1-year high of GBX 91.15.

Mobico Group (LON:MCG - Get Free Report) last posted 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 net margin of 4.36% and a negative return on equity of 13.71%. Research analysts forecast 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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