Mobico Group (LON:MCG) Shares Down 1.4% - Should You Sell?

Key Points

• Mobico shares fell 1.4% to GBX 23.36, with trading volume down 87% from the average session volume.
• Analysts maintain a consensus “Hold” rating, with a target price of GBX 43.33; ratings range from Jefferies’ “Buy” with a GBX 70 target to Berenberg’s “Hold” at GBX 35.
• The company reported a quarterly loss of GBX 22.62 per share and a negative net margin of 10.75%. Two insiders also sold shares at an average price of GBX 31.

Mobico Group Plc (LON:MCG - Get Free Report) shares traded down 1.4% during trading on Tuesday. The company traded as low as GBX 23.36 and last traded at GBX 23.36. 1,016,384 shares were traded during trading, a decline of 87% from the average session volume of 7,909,725 shares. The stock had previously closed at GBX 23.70.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Berenberg Bank reiterated a "hold" rating and issued a GBX 35 price objective on shares of Mobico Group in a research note on Tuesday, September 8th. Jefferies Financial Group reissued a "buy" rating and set a GBX 70 target price on shares of Mobico Group in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Mobico Group currently has a consensus rating of "Hold" and a consensus target price of GBX 43.33.

Mobico Group Stock Performance

The stock has a 50 day moving average price of GBX 24.52 and a two-hundred day moving average price of GBX 23.23. The company has a market capitalization of £142.32 million, a PE ratio of -0.45 and a beta of 1.31.

Mobico Group (LON:MCG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported GBX (22.62) EPS for the quarter. Mobico Group had a negative net margin of 10.75% and a positive return on equity of 160.47%. Sell-side analysts predict that Mobico Group Plc will post 14.0227704 earnings per share for the current year.

Insider Activity at Mobico Group

In other Mobico Group news, insider Brian Egan sold 89,470 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of GBX 31, for a total value of £27,735.70. Also, insider Phil White sold 213,197 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of GBX 31, for a total transaction of £66,091.07. Insiders own 2.25% of the company's stock.

About Mobico Group

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. We help millions of people around the world every day, getting them safely and reliably to work, school, to family and friends. We are leveraging our network economies to shape the future of multi-modal transport.

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