Mobility Global (NYSE:MBGL) Given New $25.00 Price Target at Barclays

Mobility Global (NYSE:MBGL) had its target price raised by Barclays from $23.00 to $25.00 in a research report released on Friday,Benzinga reports. The firm currently has an equal weight rating on the stock.

MBGL has been the subject of several other reports. Citigroup began coverage on Mobility Global in a report on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 target price for the company. Wall Street Zen upgraded Mobility Global to a “hold” rating in a report on Saturday, July 18th. Wells Fargo & Company lowered their price target on Mobility Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Evercore initiated coverage on shares of Mobility Global in a research report on Wednesday, September 9th. They issued an “in-line” rating and a $22.00 price target on the stock. Finally, Zacks Research upgraded shares of Mobility Global to a “hold” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Mobility Global has a consensus rating of “Hold” and an average target price of $24.00.

Mobility Global Trading Up 0.3%

NYSE MBGL traded up $0.07 during trading on Friday, hitting $23.20. 5,772,059 shares of the company traded hands, compared to its average volume of 3,818,648. Mobility Global has a 12 month low of $16.95 and a 12 month high of $26.00. The business’s fifty day simple moving average is $19.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.93 and a quick ratio of 1.88. The company has a market cap of $6.87 billion and a P/E ratio of 128.89.

Mobility Global (NYSE:MBGL) last released its quarterly earnings results on Thursday, November 12th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $478.00 million for the quarter. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts predict that Mobility Global will post 1.52 EPS for the current fiscal year.

Mobility Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, November 30th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 30th. Mobility Global’s payout ratio is 133.33%.

Hedge Funds Weigh In On Mobility Global

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Trust Services Inc. bought a new stake in Mobility Global in the third quarter valued at about $25,000. Sterling Capital Management LLC acquired a new position in Mobility Global in the third quarter worth about $26,000. SBI Securities Co. Ltd. bought a new position in Mobility Global during the third quarter worth about $28,000. CX Institutional bought a new position in Mobility Global during the third quarter worth about $30,000. Finally, Advisors Preferred LLC bought a new position in Mobility Global during the second quarter worth about $36,000.

More Mobility Global News

Here’s some of the latest news about MBGL:

• Positive Sentiment: Mobility Global reported Q3 EPS of $0.40, topping the $0.38 consensus, while revenue rose 7.4% year over year to $478 million. The company also raised its FY2026 EBITDA outlook, helping drive positive reaction to the results. Article: Mobility Global jumps on Q3 beat and higher EBITDA outlook
• Positive Sentiment: Wells Fargo raised its price target from $23 to $29 and assigned an “overweight” rating, signaling a more bullish view. Wells Fargo recommendations
• Neutral Sentiment: JPMorgan, Baird, RBC and Barclays also increased their targets, generally to $25–$26, but retained neutral, sector-perform or equal-weight ratings. The higher targets are supportive, while the ratings suggest these firms see more limited near-term conviction. JPMorgan recommendations Baird recommendations

About Mobility Global

Mobility Global is a blank-check company formed to pursue a merger, acquisition, share exchange or similar business combination with an operating business. It does not have established products or services of its own. The company’s stated focus is the mobility sector, which may include businesses involved in transportation, automotive services, logistics and related technologies. Its activities are centered on identifying and completing a suitable business combination.