Mobico Group (LON:MCG) Trading 9.5% Higher - Still a Buy?

Mobico Group Plc (LON:MCG - Get Free Report) shares shot up 9.5% on Thursday . The stock traded as high as GBX 34.48 ($0.46) and last traded at GBX 33.96 ($0.46). 12,053,845 shares traded hands during trading, an increase of 162% from the average session volume of 4,595,733 shares. The stock had previously closed at GBX 31 ($0.42).

Analyst Ratings Changes

Separately, Berenberg Bank decreased their price target on shares of Mobico Group from GBX 66 ($0.89) to GBX 35 ($0.47) and set a "hold" rating on the stock in a research report on Wednesday, July 9th.

Mobico Group Trading Up 0.7%

The stock has a market cap of £202.12 million, a PE ratio of -1.43 and a beta of 1.60. The business's 50-day moving average price is GBX 29.01 and its 200-day moving average price is GBX 50.98.

Mobico Group (LON:MCG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported GBX (134.80) (($1.81)) earnings per share (EPS) for the quarter. Mobico Group had a negative net margin of 4.36% and a negative return on equity of 13.71%. As a group, analysts predict that Mobico Group Plc will post 14.0227704 earnings per share for the current year.

Insiders Place Their Bets

In other Mobico Group news, insider Phil White purchased 330,000 shares of Mobico Group stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average price of GBX 29 ($0.39) per share, with a total value of £95,700 ($128,370.22). 26.06% of the stock is currently owned by company insiders.

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.