Mobico Group (LON:MCG) Stock Price Down 17.9% - Time to Sell?

Key Points

• Mobico Group Plc's stock price dropped by 17.9% during trading, with shares closing at GBX 26.55, a significant decrease from the previous close of GBX 32.34.
• Analyst consensus maintains a "Hold" rating with a target price set at GBX 35, indicating potential for recovery.
• The company reported a negative net margin of 4.36% and a negative return on equity of 13.71% in its most recent earnings report.

Shares of Mobico Group Plc (LON:MCG - Get Free Report) were down 17.9% during trading on Tuesday . The company traded as low as GBX 24.30 ($0.33) and last traded at GBX 26.55 ($0.36). Approximately 46,246,680 shares changed hands during trading, an increase of 806% from the average daily volume of 5,105,120 shares. The stock had previously closed at GBX 32.34 ($0.44).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "hold" rating and set a GBX 35 price target on shares of Mobico Group in a research note on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of GBX 35.

Mobico Group Trading Down 21.0%

The stock's fifty day moving average is GBX 33.70 and its two-hundred day moving average is GBX 41.07. The company has a market capitalization of £155.96 million, a PE ratio of -18.96 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 net margin of 4.36% and a negative return on equity of 13.71%. As a group, analysts anticipate that Mobico Group Plc will post 14.0227704 EPS for the current fiscal year.

About Mobico Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.