Mobico Group (LON:MCG) Receives "Hold" Rating from Berenberg Bank

Key Points

• Berenberg Bank has reiterated its "hold" rating on Mobico Group's stock, targeting a price objective of GBX 35, indicating a potential upside of 31.28% from the previous close.
• Mobico Group's shares have recently decreased by 17.6%, with current trading at GBX 26.66 and a market capitalization of £162.72 million.
• The company reported a negative net margin of 4.36% and earnings per share of GBX 3.80 for the last quarter, with expectations to reach approximately 14.02 earnings per share for the current fiscal year.

Mobico Group (LON:MCG - Get Free Report)'s stock had its "hold" rating reiterated by investment analysts at Berenberg Bank in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a GBX 35 target price on the stock. Berenberg Bank's price objective indicates a potential upside of 24.56% from the stock's previous close.

Mobico Group Stock Performance

Shares of LON MCG traded up GBX 0.60 during trading hours on Tuesday, hitting GBX 28.10. The company's stock had a trading volume of 6,549,952 shares, compared to its average volume of 5,151,752. The business has a 50-day simple moving average of GBX 33.52 and a 200-day simple moving average of GBX 40.58. The stock has a market cap of £171.51 million, a price-to-earnings ratio of -20.85 and a beta of 1.60. Mobico Group has a 12 month low of GBX 24.30 and a 12 month high of GBX 91.15.

Mobico Group (LON:MCG - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The company reported GBX 3.80 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, equities research analysts forecast that Mobico Group 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.