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

Mobico Group (LON:MCG)‘s stock had its “hold” rating reiterated by stock analysts at Berenberg Bank in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 35 price target on the stock. Berenberg Bank’s price target points to a potential upside of 22.45% from the company’s current price.

Mobico Group Stock Up 3.2%

Shares of MCG opened at GBX 28.58 on Wednesday. The business has a fifty day moving average of GBX 23.62 and a 200 day moving average of GBX 23.07. The company has a market cap of £174.45 million, a PE ratio of -0.55 and a beta of 1.31. Mobico Group has a 52-week low of GBX 17.06 and a 52-week high of GBX 38.12.

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.