Mobico Group (LON:MCG) Stock Price Down 1.8% - Should You Sell?

Key Points

• Mobico Group's stock price fell 1.8% to GBX 32.82 ($0.44), with trading volume down 44% from its average.
• Berenberg Bank revised its target price for Mobico Group from GBX 66 to 35 and maintains a "hold" rating on the stock.
• The company boasts a market capitalization of £200.31 million and operates in various regions, providing shared mobility solutions across multiple sectors.

Mobico Group Plc (LON:MCG - Get Free Report) shares dropped 1.8% during mid-day trading on Friday . The stock traded as low as GBX 32.64 ($0.44) and last traded at GBX 32.82 ($0.44). Approximately 2,591,106 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 4,596,308 shares. The stock had previously closed at GBX 33.42 ($0.45).

Wall Street Analysts Forecast Growth

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

Mobico Group Price Performance

The firm's 50 day moving average is GBX 33.50 and its 200 day moving average is GBX 42.34. The company has a market capitalization of £192.43 million, a PE ratio of -23.39 and a beta of 1.60.

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.