Mobico Group (LON:MCG) Trading 9.5% Higher - Should You Buy?

Shares of Mobico Group Plc (LON:MCG - Get Free Report) traded up 9.5% during trading on Wednesday . 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 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).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their price target on 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 Stock Performance

The company has a market cap of £207.97 million, a price-to-earnings ratio of -1.47 and a beta of 1.60. The business has a fifty day moving average price of GBX 28.86 and a 200 day moving average price of GBX 51.79.

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

Insider Activity at Mobico Group

In other news, insider Phil White acquired 330,000 shares of Mobico Group stock in a transaction on Wednesday, May 14th. The stock was acquired at an average cost of GBX 29 ($0.39) per share, with a total value of £95,700 ($128,421.90). 26.06% of the stock is currently owned by company insiders.

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.

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