Mobico Group (LON:MCG) Stock Price Down 15.2% - What's Next?

Key Points

• Mobico Group's stock price fell by 15.2% to GBX 27.44 following a significant trading volume increase, raising concerns among investors.
• Berenberg Bank restated a "hold" rating for Mobico Group with a target price of GBX 35, reflecting analysts' cautious outlook on the stock.
• The company reported an EPS of GBX 3.80 and has a negative return on equity of 13.71%, indicating ongoing financial struggles.

Mobico Group Plc (LON:MCG - Get Free Report)'s stock price traded down 15.2% on Tuesday . The stock traded as low as GBX 24.30 ($0.33) and last traded at GBX 27.44 ($0.37). 71,465,844 shares were traded during trading, an increase of 1,261% from the average session volume of 5,250,057 shares. The stock had previously closed at GBX 32.34 ($0.44).

Analyst Ratings Changes

Separately, Berenberg Bank restated a "hold" rating and set a GBX 35 target price on shares of Mobico Group in a research report on Tuesday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Mobico Group currently has an average rating of "Hold" and an average price target of GBX 35.

Mobico Group Stock Performance

The firm has a fifty day moving average of GBX 33.70 and a 200-day moving average of GBX 41.07. The stock has a market capitalization of £155.96 million, a price-to-earnings ratio of -18.96 and a beta of 1.60.

Mobico Group (LON:MCG - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The company reported GBX 3.80 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, 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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