Mobico Group (LON:MCG) Stock Price Down 21% - Here's Why

Key Points

• Mobico Group's stock price fell 21% on Tuesday, with shares trading as low as GBX 24.30 ($0.33) before closing at GBX 25.55 ($0.35).
• Berenberg Bank has maintained a "hold" rating on Mobico Group with a price target of GBX 35, reflecting a consensus rating of "Hold" among analysts.
• The company reported a negative net margin of 4.36% and a return on equity of -13.71% in its recent earnings announcement.

Mobico Group Plc (LON:MCG - Get Free Report) shares were down 21% on Tuesday . The stock traded as low as GBX 24.30 ($0.33) and last traded at GBX 25.55 ($0.35). Approximately 46,315,023 shares changed hands during trading, an increase of 807% from the average daily volume of 5,105,512 shares. The stock had previously closed at GBX 32.34 ($0.44).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 35 target price on shares of Mobico Group in a research report on Tuesday, September 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of GBX 35.

Mobico Group Price Performance

The stock has a market capitalization of £176.51 million, a PE ratio of -21.45 and a beta of 1.60. The business's fifty day moving average price is GBX 33.46 and its 200-day moving average price is GBX 39.90.

Mobico Group (LON:MCG - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The company reported GBX 3.80 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%. On average, analysts expect that Mobico Group Plc will post 14.0227704 earnings per share for the current fiscal 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.