Mobico Group (LON:MCG) Trading 9.5% Higher - Still a Buy?

Mobico Group Plc (LON:MCG - Get Free Report) was up 9.5% during mid-day trading on Wednesday . The company traded as high as GBX 34.48 ($0.46) and last traded at GBX 33.96 ($0.46). Approximately 12,053,845 shares traded hands during trading, an increase of 162% from the average daily volume of 4,595,733 shares. The stock had previously closed at GBX 31 ($0.42).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their target price 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 report on Wednesday, July 9th.

Mobico Group Trading Up 0.7%

The company has a market cap of £202.12 million, a price-to-earnings ratio of -1.43 and a beta of 1.60. The company's 50 day moving average price is GBX 29.01 and its 200 day moving average price is GBX 50.98.

Mobico Group (LON:MCG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported GBX (134.80) (($1.81)) 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%. Sell-side analysts predict that Mobico Group Plc will post 14.0227704 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Phil White acquired 330,000 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of GBX 29 ($0.39) per share, for a total transaction of £95,700 ($128,456.38). Company insiders own 26.06% of the company's stock.

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.