Mobico Group Plc (LON:MCG - Get Free Report) fell 3.5% on Thursday after Berenberg Bank lowered their price target on the stock from GBX 66 to GBX 35. Berenberg Bank currently has a hold rating on the stock. Mobico Group traded as low as GBX 28.52 ($0.39) and last traded at GBX 29.42 ($0.40). 4,250,877 shares traded hands during trading, a decline of 6% from the average session volume of 4,542,893 shares. The stock had previously closed at GBX 30.48 ($0.41).
Insiders Place Their Bets
In related news, insider Phil White purchased 330,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was purchased at an average cost of GBX 29 ($0.39) per share, with a total value of £95,700 ($130,009.51). Company insiders own 26.06% of the company's stock.
Mobico Group Stock Up 0.1%
The stock has a market capitalization of £176.15 million, a P/E ratio of -1.25 and a beta of 1.60. The firm's 50 day simple moving average is GBX 28.95 and its two-hundred day simple moving average is GBX 53.47.
Mobico Group (LON:MCG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported GBX (134.80) (($1.83)) 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%. As a group, equities research analysts expect that Mobico Group Plc will post 14.0227704 earnings per share for the current year.
About Mobico Group
(
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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