Mobico Group Plc (LON:MCG - Get Free Report) shares rose 9.5% on Wednesday . The stock traded as high as GBX 34.48 ($0.46) and last traded at GBX 33.96 ($0.46). Approximately 12,053,344 shares were traded during mid-day trading, an increase of 162% from the average daily volume of 4,595,729 shares. The stock had previously closed at GBX 31 ($0.42).
Analysts Set New Price Targets
Separately, Berenberg Bank lowered their price objective on shares of Mobico Group from GBX 66 ($0.89) to GBX 35 ($0.47) and set a "hold" rating for the company in a research report on Wednesday, July 9th.
Read Our Latest Stock Analysis on Mobico Group
Mobico Group Stock Performance
The stock has a market capitalization of £202.12 million, a price-to-earnings ratio of -1.43 and a beta of 1.60. The firm's fifty day simple moving average is GBX 29.01 and its 200 day simple moving average is GBX 50.98.
Mobico Group (LON:MCG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported GBX (134.80) (($1.81)) 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%. Analysts forecast that Mobico Group Plc will post 14.0227704 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Phil White acquired 330,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of GBX 29 ($0.39) per share, with a total value of £95,700 ($128,456.38). 26.06% of the stock is owned by corporate insiders.
About Mobico Group
(
Get Free Report)
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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