Mobico Group (LON:MCG) Stock Price Down 8.6% – Here’s What Happened

Mobico Group Plc (LON:MCG)’s stock price fell 8.6% during trading on Tuesday . The stock traded as low as GBX 23.28 and last traded at GBX 23.68. 3,770,085 shares were traded during mid-day trading, a decline of 64% from the average session volume of 10,353,298 shares. The stock had previously closed at GBX 25.92.

Analyst Ratings Changes

Several research firms recently weighed in on MCG. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 35 price objective on shares of Mobico Group in a report on Monday, January 19th. Royal Bank Of Canada lowered their target price on shares of Mobico Group from GBX 30 to GBX 25 and set a “sector perform” rating on the stock in a research note on Wednesday, March 25th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 30.

Mobico Group Stock Performance

The business has a 50 day simple moving average of GBX 22.42 and a 200-day simple moving average of GBX 23.47. The stock has a market capitalization of £138.55 million, a P/E ratio of -0.44 and a beta of 1.17.

Mobico Group (LON:MCG) last posted its quarterly earnings data on Thursday, February 26th. The company reported GBX (19.20) EPS for the quarter. Mobico Group had a positive return on equity of 160.47% and a negative net margin of 10.75%. Equities research analysts forecast that Mobico Group Plc will post 14.0227704 EPS for the current fiscal year.

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.