Mobico Group (LON:MCG) Stock Price Up 6.9% – Time to Buy?

Mobico Group Plc (LON:MCG) rose 6.9% during mid-day trading on Wednesday . The company traded as high as GBX 31.50 and last traded at GBX 29.60. Approximately 33,355,305 shares changed hands during trading, an increase of 273% from the average session volume of 8,934,635 shares. The stock had previously closed at GBX 27.70.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MCG shares. Berenberg Bank reiterated a “hold” rating and set a GBX 35 target price on shares of Mobico Group in a research report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 70 target price on shares of Mobico Group in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mobico Group presently has an average rating of “Hold” and an average price target of GBX 43.33.

Mobico Group Price Performance

The firm has a market cap of £144.16 million, a price-to-earnings ratio of -0.46 and a beta of 2.69. The firm has a 50 day moving average price of GBX 23.94 and a 200-day moving average price of GBX 23.15.

Mobico Group (LON:MCG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported GBX (22.62) EPS for the quarter. Mobico Group had a positive return on equity of 160.47% and a negative net margin of 10.75%. On average, sell-side analysts expect that Mobico Group Plc will post 14.0227704 EPS for the current fiscal year.

Insider Activity at Mobico Group

In other Mobico Group news, insider Brian Egan sold 89,470 shares of the firm’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 Mobico Group 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. 0.90% of the stock is owned by insiders.

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.