Mobico Group (LON:MCG) Shares Down 21% - What's Next?

Key Points

• Mobico Group's stock price dropped by 21%, trading as low as GBX 24.30 ($0.33) during the day, with a significant increase in trading volume of 807% compared to average sessions.
• Berenberg Bank has reiterated a "hold" rating on Mobico Group, setting a target price of GBX 35, while analysts maintain a consensus rating of "Hold" for the stock.
• The company reported GBX 3.80 in earnings per share for the last quarter, but has shown a negative return on equity of 13.71% and a negative net margin of 4.36%.

Mobico Group Plc (LON:MCG - Get Free Report)'s stock price traded down 21% during trading on Tuesday . The company traded as low as GBX 24.30 ($0.33) and last traded at GBX 25.55 ($0.35). 46,315,023 shares traded hands during mid-day trading, an increase of 807% from the average session volume of 5,105,512 shares. The stock had previously closed at GBX 32.34 ($0.44).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 35 target price on shares of Mobico Group in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of GBX 35.

Mobico Group Price Performance

The firm has a market capitalization of £155.96 million, a PE ratio of -18.96 and a beta of 1.60. The stock has a 50-day moving average price of GBX 33.70 and a 200-day moving average price of GBX 41.07.

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 for the quarter. Mobico Group had a negative return on equity of 13.71% and a negative net margin of 4.36%. As a group, equities research analysts predict that Mobico Group Plc will post 14.0227704 earnings per share for the current fiscal year.

Mobico Group Company Profile

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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