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

Key Points

• Mobico Group Plc's stock experienced a significant decline of 21% during trading, falling to GBX 25.55 ($0.35) from a previous close of GBX 32.34 ($0.44).
• Analysts have mostly rated Mobico shares as a "Hold", with a target price set at GBX 35 by Berenberg Bank.
• For the current fiscal year, analysts predict Mobico Group will post an earnings per share (EPS) of approximately 14.02.

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "hold" rating and set a GBX 35 price target on shares of Mobico Group in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of GBX 35.

Mobico Group Price Performance

The stock has a market capitalization of £176.27 million, a price-to-earnings ratio of -21.42 and a beta of 1.60. The stock's 50 day simple moving average is GBX 33.46 and its 200-day simple moving average is GBX 39.90.

Mobico Group (LON:MCG - Get Free Report) last posted its earnings results on Tuesday, September 9th. The company reported GBX 3.80 earnings per share (EPS) 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, equities research analysts anticipate that Mobico Group Plc will post 14.0227704 earnings per share 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.