Mobico Group Plc (LON:MCG - Get Free Report) traded up 9.5% during mid-day trading on Thursday . The company traded as high as GBX 34.48 ($0.46) and last traded at GBX 33.96 ($0.46). 12,053,845 shares traded hands during mid-day trading, an increase of 162% from the average session volume of 4,595,733 shares. The stock had previously closed at GBX 31 ($0.42).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reduced their price target on shares of Mobico Group from GBX 66 ($0.89) to GBX 35 ($0.47) and set a "hold" rating for the company in a research report on Wednesday, July 9th.
View Our Latest Research Report on MCG
Mobico Group Price Performance
The firm's 50 day moving average price is GBX 29.01 and its 200-day moving average price is GBX 51.17. The firm has a market cap of £202.12 million, a price-to-earnings ratio of -1.43 and a beta of 1.60.
Mobico Group (LON:MCG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported GBX (134.80) (($1.81)) EPS for the quarter. Mobico Group had a negative return on equity of 13.71% and a negative net margin of 4.36%. Analysts expect that Mobico Group Plc will post 14.0227704 EPS for the current year.
Insider Buying and Selling
In other Mobico Group news, insider Phil White acquired 330,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was acquired at an average cost of GBX 29 ($0.39) per share, for a total transaction of £95,700 ($128,456.38). 26.06% of the stock is currently owned by insiders.
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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