Mobico Group (LON:MCG) Stock Price Down 1.8% - Time to Sell?

Key Points

• Mobico Group Plc shares fell by 1.8% to GBX 32.82 ($0.44) with a trading volume that decreased by 44% compared to its average.
• Berenberg Bank lowered its price target for Mobico from GBX 66 to GBX 35, maintaining a "hold" rating amid a current consensus rating of "hold".
• The company has a market capitalization of £200.31 million and a PE ratio of -24.35, indicating financial challenges affecting its stock performance.

Shares of Mobico Group Plc (LON:MCG - Get Free Report) were down 1.8% during mid-day trading on Friday . The company traded as low as GBX 32.64 ($0.44) and last traded at GBX 32.82 ($0.44). Approximately 2,591,106 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 4,596,308 shares. The stock had previously closed at GBX 33.42 ($0.45).

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price target on Mobico Group from GBX 66 to GBX 35 and set a "hold" rating for the company in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of GBX 35.

Mobico Group Stock Performance

The firm's fifty day simple moving average is GBX 33.50 and its 200 day simple moving average is GBX 42.34. The firm has a market cap of £192.43 million, a P/E ratio of -23.39 and a beta of 1.60.

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.