Mobico Group (LON:MCG) Trading Down 21% - What's Next?

Key Points

• Shares of Mobico Group Plc fell by 21%, trading as low as GBX 24.30 during Tuesday's session, significantly increasing trading volume.
• Berenberg Bank has restated a "hold" rating with a price target of GBX 35, reflecting analysts' cautious outlook on the stock.
• The company reported a quarterly earnings per share of GBX 3.80, with negative net margin and return on equity figures indicating ongoing financial challenges.

Shares of Mobico Group Plc (LON:MCG - Get Free Report) were down 21% during trading on Tuesday . The company 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).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "hold" rating and set a GBX 35 price target on shares of Mobico Group in a research note on Tuesday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Mobico Group presently has an average rating of "Hold" and a consensus price target of GBX 35.

Mobico Group Stock Down 21.0%

The company has a 50-day moving average price of GBX 33.70 and a two-hundred day moving average price of GBX 41.07. The stock has a market capitalization of £155.96 million, a P/E 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 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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