Shares of Mobico Group Plc (LON:MCG - Get Free Report) traded up 9.5% during mid-day trading on Wednesday . The stock 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 objective on shares of Mobico Group from GBX 66 ($0.89) to GBX 35 ($0.47) and set a "hold" rating on the stock in a research report on Wednesday, July 9th.
Get Our Latest Stock Analysis on Mobico Group
Mobico Group Stock Performance
The firm's fifty day moving average is GBX 28.86 and its two-hundred day moving average is GBX 51.79. The company has a market cap of £212.84 million, a P/E ratio of -1.51 and a beta of 1.60.
Mobico Group (LON:MCG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported GBX (134.80) (($1.81)) earnings per share (EPS) for the quarter. Mobico Group had a negative return on equity of 13.71% and a negative net margin of 4.36%. On average, equities research analysts expect that Mobico Group Plc will post 14.0227704 EPS for the current year.
Insider Activity at Mobico Group
In related news, insider Phil White bought 330,000 shares of Mobico Group stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average cost of GBX 29 ($0.39) per share, with a total value of £95,700 ($128,508.12). Company insiders own 26.06% of the company's stock.
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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