Mobico Group (LON:MCG) Shares Up 9.5% - What's Next?

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price objective on 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.

Mobico Group Trading Up 0.7%

The company 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 simple moving average is GBX 28.93 and its 200-day simple moving average is GBX 51.49.

Mobico Group (LON:MCG - Get Free Report) last released 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 return on equity of 13.71% and a negative net margin of 4.36%. On average, research analysts predict that Mobico Group Plc will post 14.0227704 earnings per share for the current fiscal year.

Insider Buying and Selling at Mobico Group

In other Mobico Group news, insider Phil White purchased 330,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average price of GBX 29 ($0.39) per share, for a total transaction of £95,700 ($128,456.38). Corporate insiders own 26.06% of the company's stock.

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.