Mobico Group (LON:MCG) Shares Down 22.9% - Should You Sell?

Key Points

• Mobico Group's stock price dropped by 22.9% during mid-day trading, with shares trading as low as GBX 24.72 ($0.33) after closing at GBX 32.34 ($0.44).
• Berenberg Bank lowered its target price for the company from GBX 66 to GBX 35 and assigned a "hold" rating, reflecting cautious outlook among analysts.
• The company's latest earnings report revealed a negative net margin of 4.36% and a return on equity of -13.71%, indicating ongoing financial challenges.

Mobico Group Plc (LON:MCG - Get Free Report)'s stock price fell 22.9% during mid-day trading on Tuesday . The stock traded as low as GBX 24.72 ($0.33) and last traded at GBX 24.92 ($0.34). 37,391,117 shares traded hands during trading, an increase of 640% from the average session volume of 5,054,226 shares. The stock had previously closed at GBX 32.34 ($0.44).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their target price on shares of Mobico Group from GBX 66 to GBX 35 and set a "hold" rating on the stock in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of GBX 35.

Mobico Group Price Performance

The firm has a market capitalization of £167.07 million, a PE ratio of -20.31 and a beta of 1.60. The stock's 50-day moving average price is GBX 33.70 and its 200 day moving average price is GBX 41.07.

Mobico Group (LON:MCG - Get Free Report) last issued its earnings results on Tuesday, September 9th. The company reported GBX 3.80 EPS for the quarter. Mobico Group had a negative net margin of 4.36% and a negative return on equity of 13.71%. Equities research analysts forecast 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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