Mobico Group (LON:MCG) Trading Down 17.9% - Should You Sell?

Key Points

• Mobico Group Plc's shares fell by 17.9% to GBX 26.55, marking a notable increase in trading volume of 806% from its average.
• Analysts have a consensus rating of "Hold" on the stock, with a price target of GBX 35, as reaffirmed by Berenberg Bank.
• The company reported a negative earnings per share of GBX 3.80 and a negative return on equity of 13.71% for the most recent quarter.

Shares of Mobico Group Plc (LON:MCG - Get Free Report) were down 17.9% on Tuesday . The company traded as low as GBX 24.30 ($0.33) and last traded at GBX 26.55 ($0.36). Approximately 46,246,680 shares were traded during trading, an increase of 806% from the average daily volume of 5,105,120 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 objective on shares of Mobico Group in a report on Tuesday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 35.

Mobico Group Trading Down 21.0%

The company has a fifty day simple moving average of GBX 33.70 and a 200-day simple moving average of GBX 41.07. The stock has a market cap of £155.96 million, a price-to-earnings ratio of -18.96 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 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%. As a group, analysts anticipate that Mobico Group Plc will post 14.0227704 earnings per share for the current year.

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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