Mobico Group (LON:MCG) Stock Price Down 1.4% – What’s Next?

Mobico Group Plc (LON:MCG)’s stock price fell 1.4% during trading on Tuesday. The company traded as low as GBX 23.36 and last traded at GBX 23.36. Approximately 1,016,384 shares traded hands 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.

Wall Street Analysts Forecast Growth

MCG has been the topic of a number of recent analyst reports. Berenberg Bank reissued a “hold” rating and issued a GBX 35 price target on shares of Mobico Group in a report on Tuesday, September 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 70 price objective on shares of Mobico Group in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 43.33.

Mobico Group Stock Performance

The stock has a market capitalization of £145.24 million, a P/E ratio of -0.46 and a beta of 1.31. The stock has a 50-day moving average price of GBX 24.51 and a two-hundred day moving average price of GBX 23.24.

Mobico Group (LON:MCG) last announced its 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%. Equities analysts anticipate that Mobico Group Plc will post 14.0227704 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Phil White sold 213,197 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of GBX 31, for a total value of £66,091.07. Also, insider Brian Egan sold 89,470 shares of Mobico Group stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of GBX 31, for a total transaction of £27,735.70. 2.25% of the stock is currently owned by insiders.

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.

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.