Mobico Group (LON:MCG) Trading Down 16.2% - Should You Sell?

Key Points

• Mobico Group's share price fell by 16.2% on Tuesday, hitting a low of GBX 24.30, with a significant trading volume of approximately 65.6 million shares.
• Berenberg Bank has downgraded Mobico's target price from GBX 66 to GBX 35, maintaining a "hold" rating on the stock.
• Mobico Group reported a negative net margin of 4.36% and a negative return on equity of 13.71% in its latest earnings report.

Mobico Group Plc (LON:MCG - Get Free Report)'s share price dropped 16.2% on Tuesday . The stock traded as low as GBX 24.30 ($0.33) and last traded at GBX 27.10 ($0.37). Approximately 65,658,398 shares were traded during mid-day trading, an increase of 1,159% from the average daily volume of 5,216,681 shares. The stock had previously closed at GBX 32.34 ($0.44).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their target price on shares of Mobico Group from GBX 66 to GBX 35 and set a "hold" rating on the stock in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Mobico Group has an average rating of "Hold" and an average target price of GBX 35.

Mobico Group Stock Performance

The business's 50 day moving average price is GBX 33.70 and its two-hundred day moving average price is GBX 41.07. The company has a market capitalization of £165.40 million, a price-to-earnings ratio of -20.10 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%. On average, sell-side analysts expect that Mobico Group Plc will post 14.0227704 earnings per share 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.

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