Mobico Group (LON:MCG) Shares Up 11% - Here's What Happened

Key Points

• Shares jumped 11%, trading as high as GBX 21.04 and last at GBX 20.86 on Thursday, with volume ~9.17 million shares — about 14% above the average session volume.
• Analyst moves: Royal Bank of Canada cut its target from GBX 30 to GBX 25 and gave a "sector perform," Berenberg reiterated a hold at GBX 35, and the consensus rating is "Hold" with an average price target of GBX 30.
• Fundamentals show a market cap of £119.28m, a recent quarterly EPS of GBX (19.20) and negative net margin (-10.75%), though analysts forecast EPS of 14.02 for the current fiscal year; the 50- and 200-day moving averages (GBX 22.51 and 23.94) sit above the current share price.

Mobico Group Plc (LON:MCG - Get Free Report)'s stock price traded up 11% on Thursday . The stock traded as high as GBX 21.04 and last traded at GBX 20.86. 9,172,678 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 8,059,926 shares. The stock had previously closed at GBX 18.80.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of Mobico Group from GBX 30 to GBX 25 and set a "sector perform" rating for the company in a research note on Wednesday, March 25th. Berenberg Bank reiterated a "hold" rating and set a GBX 35 price target on shares of Mobico Group in a report on Monday, January 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of GBX 30.

Mobico Group Price Performance

The firm has a market capitalization of £119.28 million, a P/E ratio of -0.38 and a beta of 0.86. The business's 50-day moving average is GBX 22.51 and its 200 day moving average is GBX 23.94.

Mobico Group (LON:MCG - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported GBX (19.20) earnings per share (EPS) for the quarter. Mobico Group had a negative net margin of 10.75% and a positive return on equity of 160.47%. Analysts anticipate that Mobico Group Plc will post 14.0227704 EPS 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. We help millions of people around the world every day, getting them safely and reliably to work, school, to family and friends. We are leveraging our network economies to shape the future of multi-modal transport.

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