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Mobico Group (LON:MCG) Stock Price Down 16.6% - Here's What Happened

Mobico Group logo with Industrials background

Key Points

  • Mobico Group's stock price dropped by 16.6% to GBX 26.96, with trading volume significantly increasing to over 70 million shares.
  • Analysts maintain a consensus "Hold" rating for the stock, with Berenberg Bank setting a price target of GBX 35.
  • Despite recent challenges, Mobico Group's anticipated earnings per share for the current fiscal year is predicted to be 14.02.
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Mobico Group Plc (LON:MCG - Get Free Report) dropped 16.6% on Tuesday . The company traded as low as GBX 24.30 ($0.33) and last traded at GBX 26.96 ($0.37). Approximately 70,657,180 shares changed hands during mid-day trading, an increase of 1,247% from the average daily volume of 5,245,410 shares. The stock had previously closed at GBX 32.34 ($0.44).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 35 price target on shares of Mobico Group in a report on Tuesday, September 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Mobico Group currently has an average rating of "Hold" and an average price target of GBX 35.

View Our Latest Analysis on Mobico Group

Mobico Group Price Performance

The company has a 50-day simple moving average of GBX 33.46 and a two-hundred day simple moving average of GBX 40.10. The stock has a market capitalization of £171.51 million, a price-to-earnings ratio of -20.85 and a beta of 1.60.

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

Mobico Group Company Profile

(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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