Mobico Group (LON:MCG) Shares Down 15.8% - Here's Why

Key Points

• Mobico Group's shares fell by 15.8% during trading, reaching a low of GBX 24.30 ($0.33) before closing at GBX 27.24 ($0.37) with unusual trading volume of approximately 67 million shares.
• Berenberg Bank has reduced its target price for Mobico Group from GBX 66 to GBX 35 and continues to hold a "hold" rating on the stock.
• The company reported a negative return on equity of 13.71% and a net margin of -4.36%, highlighting financial challenges despite being a leading international transport operator.

Mobico Group Plc (LON:MCG - Get Free Report)'s stock price traded down 15.8% during trading on Tuesday . The company traded as low as GBX 24.30 ($0.33) and last traded at GBX 27.24 ($0.37). 67,446,445 shares changed hands during mid-day trading, an increase of 1,190% from the average session volume of 5,226,957 shares. The stock had previously closed at GBX 32.34 ($0.44).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 35 price target on shares of Mobico Group in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of GBX 35.

Mobico Group Stock Up 2.2%

The company's 50 day simple moving average is GBX 33.52 and its two-hundred day simple moving average is GBX 40.58. The company has a market capitalization of £171.51 million, a price-to-earnings ratio of -20.85 and a beta of 1.60.

Mobico Group (LON:MCG - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The company reported GBX 3.80 EPS for the quarter. Mobico Group had a negative net margin of 4.36% and a negative return on equity of 13.71%. Analysts anticipate that Mobico Group Plc will post 14.0227704 EPS for the current year.

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.