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Mobico Group (LON:MCG) Trading Up 9.5% - What's Next?

Mobico Group logo with Industrials background

Mobico Group Plc (LON:MCG - Get Free Report) shares rose 9.5% during trading on Wednesday . The stock traded as high as GBX 34.48 ($0.46) and last traded at GBX 33.96 ($0.46). Approximately 12,053,845 shares changed hands during 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).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price target on shares of Mobico Group from GBX 66 ($0.89) to GBX 35 ($0.47) and set a "hold" rating for the company in a report on Wednesday, July 9th.

Get Our Latest Stock Analysis on MCG

Mobico Group Stock Up 9.5%

The stock has a fifty day moving average of GBX 28.86 and a 200-day moving average of GBX 51.79. The firm has a market capitalization of £207.97 million, a P/E ratio of -1.47 and a beta of 1.60.

Mobico Group (LON:MCG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported GBX (134.80) (($1.81)) 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%. Sell-side analysts predict that Mobico Group Plc will post 14.0227704 EPS for the current fiscal year.

Insider Transactions at Mobico Group

In other Mobico Group news, insider Phil White acquired 330,000 shares of Mobico Group stock in a transaction dated 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 ($128,421.90). Insiders own 26.06% of the company's stock.

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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