Mobico Group (LON:MCG) Stock Price Down 3.5% Following Analyst Downgrade

Shares of Mobico Group Plc (LON:MCG - Get Free Report) were down 3.5% during mid-day trading 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). Approximately 4,250,877 shares were traded during trading, a decline of 6% from the average daily volume of 4,542,893 shares. The stock had previously closed at GBX 30.48 ($0.41).

Insiders Place Their Bets

In other Mobico Group news, insider Phil White purchased 330,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were purchased at an average price of GBX 29 ($0.39) per share, for a total transaction of £95,700 ($130,009.51). 26.06% of the stock is owned by corporate insiders.

Mobico Group Stock Performance

The company's 50-day moving average is GBX 28.89 and its 200-day moving average is GBX 53.14. The firm has a market cap of £177.62 million, a price-to-earnings ratio of -1.26 and a beta of 1.60.

Mobico Group (LON:MCG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported GBX (134.80) (($1.83)) earnings per share for the quarter. Mobico Group had a negative return on equity of 13.71% and a negative net margin of 4.36%. On average, analysts predict that Mobico Group Plc will post 14.0227704 EPS 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.