Mobico Group (LON:MCG) Stock Price Down 0.6% - What's Next?

Mobico Group Plc (LON:MCG - Get Free Report)'s stock price dropped 0.6% during trading on Tuesday . The stock traded as low as GBX 26.54 ($0.35) and last traded at GBX 26.74 ($0.36). Approximately 1,597,616 shares changed hands during trading, a decline of 68% from the average daily volume of 4,944,244 shares. The stock had previously closed at GBX 26.90 ($0.36).

Analysts Set New Price Targets

Several analysts recently commented on MCG shares. Berenberg Bank reissued a "buy" rating and set a GBX 35 price objective on shares of Mobico Group in a research report on Thursday, October 9th. Royal Bank Of Canada decreased their price objective on shares of Mobico Group from GBX 35 to GBX 30 and set a "sector perform" rating for the company in a report on Monday, October 6th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Mobico Group presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 32.50.

Mobico Group Price Performance

The stock's 50-day moving average is GBX 30.27 and its two-hundred day moving average is GBX 33.76. The company has a market cap of £166.99 million, a P/E ratio of -0.16 and a beta of 1.60.

Mobico Group (LON:MCG - Get Free Report) last announced its earnings results on Tuesday, September 9th. The company reported GBX 3.80 earnings per share for the quarter. Mobico Group had a negative net margin of 4.36% and a negative return on equity of 13.71%. On average, analysts predict that Mobico Group Plc will post 14.0227704 EPS for the current year.

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.

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