Mobico Group Plc (LON:MCG - Get Free Report) shares rose 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). Approximately 12,053,845 shares were traded during mid-day 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).
Analysts Set New Price Targets
Separately, Berenberg Bank cut their price target on Mobico Group from GBX 66 ($0.89) to GBX 35 ($0.47) and set a "hold" rating on the stock in a research note on Wednesday, July 9th.
Check Out Our Latest Analysis on MCG
Mobico Group Stock Performance
The company has a 50 day moving average price of GBX 29.01 and a 200 day moving average price of GBX 50.78. The firm has a market cap of £202.12 million, a price-to-earnings ratio of -1.43 and a beta of 1.60.
Mobico Group (LON:MCG - Get Free Report) last released its quarterly earnings data 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%. On average, research analysts forecast that Mobico Group Plc will post 14.0227704 earnings per share for the current year.
Insider Transactions at Mobico Group
In other news, insider Phil White acquired 330,000 shares of Mobico Group stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average cost of GBX 29 ($0.39) per share, with a total value of £95,700 ($128,370.22). Corporate insiders own 26.06% of the company's stock.
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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