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Mobico Group (LON:MCG) Trading Down 21.5% - Here's What Happened

Mobico Group logo with Industrials background

Key Points

  • Mobico Group's share price plummeted by 21.5% on Tuesday, closing at GBX 25.40 ($0.34) after trading as low as GBX 24.30 ($0.33).
  • Berenberg Bank has reduced Mobico Group's price target significantly from GBX 66 to GBX 35 and assigned a "hold" rating.
  • The company reported a negative return on equity of 13.71% and had a market capitalization of £163.69 million.
  • MarketBeat previews top five stocks to own in October.

Mobico Group Plc (LON:MCG - Get Free Report)'s share price was down 21.5% on Tuesday . The stock traded as low as GBX 24.30 ($0.33) and last traded at GBX 25.40 ($0.34). Approximately 53,871,320 shares were traded during trading, an increase of 946% from the average daily volume of 5,148,939 shares. The stock had previously closed at GBX 32.34 ($0.44).

Analyst Ratings Changes

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

Read Our Latest Analysis on Mobico Group

Mobico Group Stock Performance

The company has a 50-day simple moving average of GBX 33.70 and a two-hundred day simple moving average of GBX 41.07. The firm has a market capitalization of £163.69 million, a P/E ratio of -19.90 and a beta of 1.60.

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

Mobico Group Company Profile

(Get Free Report)

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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