Mobico Group Plc (LON:MCG - Get Free Report) shares shot up 9.5% during mid-day trading on Wednesday . The company traded as high as GBX 34.48 ($0.46) and last traded at GBX 33.96 ($0.46). 12,053,845 shares were traded during mid-day 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).
Analysts Set New Price Targets
Separately, Berenberg Bank cut their target price on Mobico Group from GBX 66 ($0.89) to GBX 35 ($0.47) and set a "hold" rating on the stock in a report on Wednesday, July 9th.
View Our Latest Analysis on Mobico Group
Mobico Group Trading Up 2.2%
The firm has a fifty day moving average of GBX 28.93 and a two-hundred day moving average of GBX 51.49. The company has a market cap of £212.84 million, a PE ratio of -1.51 and a beta of 1.60.
Mobico Group (LON:MCG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported GBX (134.80) (($1.81)) EPS for the quarter. Mobico Group had a negative return on equity of 13.71% and a negative net margin of 4.36%. Sell-side analysts expect that Mobico Group Plc will post 14.0227704 EPS for the current fiscal year.
Insider Buying and Selling
In related news, insider Phil White bought 330,000 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was acquired at an average price of GBX 29 ($0.39) per share, for a total transaction of £95,700 ($128,508.12). 26.06% of the stock is currently 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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