Mobico Group (LON:MCG) Trading Up 9.5% - Here's Why

Mobico Group Plc (LON:MCG - Get Free Report)'s share price rose 9.5% during trading on Wednesday . The stock traded as high as GBX 34.48 ($0.46) and last traded at GBX 33.96 ($0.46). Approximately 12,053,845 shares were traded during mid-day 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 price target on 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.

Mobico Group Price Performance

The stock has a fifty day moving average of GBX 29.01 and a 200 day moving average of GBX 50.98. The stock 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 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 net margin of 4.36% and a negative return on equity of 13.71%. As a group, equities analysts expect that Mobico Group Plc will post 14.0227704 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Phil White bought 330,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was purchased at an average cost of GBX 29 ($0.39) per share, for a total transaction of £95,700 ($128,370.22). Insiders own 26.06% of the company's stock.

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.