Mobico Group Plc (LON:MCG - Get Free Report)'s stock price rose 9.5% during mid-day trading on Wednesday . The company traded as high as GBX 34.48 ($0.46) and last traded at GBX 33.96 ($0.46). Approximately 12,053,845 shares were traded during mid-day trading, an increase of 162% from the average daily volume of 4,595,733 shares. The stock had previously closed at GBX 31 ($0.42).
Wall Street Analyst Weigh In
Separately, Berenberg Bank decreased their target price on shares of Mobico Group from GBX 66 ($0.89) to GBX 35 ($0.47) and set a "hold" rating on the stock in a research report on Wednesday, July 9th.
Read Our Latest Stock Report on Mobico Group
Mobico Group Stock Up 0.7%
The firm's 50 day simple moving average is GBX 29.01 and its two-hundred day simple moving average is GBX 50.78. The stock has a market cap of £202.12 million, a P/E ratio of -1.43 and a beta of 1.60.
Mobico Group (LON:MCG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported GBX (134.80) (($1.81)) 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, equities analysts predict that Mobico Group Plc will post 14.0227704 EPS for the current year.
Insiders Place Their Bets
In other news, insider Phil White bought 330,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was bought at an average cost of GBX 29 ($0.39) per share, for a total transaction of £95,700 ($128,370.22). Insiders own 26.06% of the company's stock.
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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