Mobico Group Plc (LON:MCG - Get Free Report) shares were up 9.5% during trading 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 changed hands 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).
Wall Street Analyst Weigh In
Separately, Berenberg Bank lowered their price target on Mobico Group from GBX 66 ($0.89) to GBX 35 ($0.47) and set a "hold" rating for the company in a report on Wednesday, July 9th.
Read Our Latest Research Report on Mobico Group
Mobico Group Stock Performance
The company has a market cap of £212.84 million, a PE ratio of -1.51 and a beta of 1.60. The firm has a fifty day simple moving average of GBX 28.86 and a 200 day simple moving average of GBX 51.79.
Mobico Group (LON:MCG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported GBX (134.80) (($1.81)) 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, equities analysts predict that Mobico Group Plc will post 14.0227704 EPS for the current fiscal year.
Insider Buying and Selling at Mobico Group
In other news, insider Phil White acquired 330,000 shares of Mobico Group stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average cost of GBX 29 ($0.39) per share, with a total value of £95,700 ($128,508.12). 26.06% of the stock is owned by corporate insiders.
Mobico Group Company Profile
(
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.
Further Reading
Before you consider Mobico Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mobico Group wasn't on the list.
While Mobico Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
