Mobico Group (LON:MCG) Stock Price Down 21% - What's Next?

Key Points

• Mobico Group's stock price fell by 21%, closing at GBX 25.55 ($0.35) after trading as low as GBX 24.30 ($0.33) with a trading volume increase of 807% from the average.
• Berenberg Bank has issued a "hold" rating for Mobico Group, with a target price set at GBX 35, aligning with the stock's current consensus rating of "Hold."
• The company reported a negative net margin of 4.36% and a market capitalization of £155.96 million, indicating ongoing financial challenges.

Mobico Group Plc (LON:MCG - Get Free Report)'s stock price traded down 21% during trading on Tuesday . The company traded as low as GBX 24.30 ($0.33) and last traded at GBX 25.55 ($0.35). 46,315,023 shares changed hands during trading, an increase of 807% from the average session volume of 5,105,512 shares. The stock had previously closed at GBX 32.34 ($0.44).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed 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 data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 35.

Mobico Group Stock Down 21.0%

The stock's 50 day moving average is GBX 33.64 and its two-hundred day moving average is GBX 40.97. 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 posted its earnings results on Tuesday, September 9th. The company reported GBX 3.80 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, sell-side analysts predict that Mobico Group Plc will post 14.0227704 EPS for the current fiscal 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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