Mobico Group (LON:MCG) Stock Price Down 5.4% on Insider Selling

Mobico Group Plc (LON:MCG) shares were down 5.4% on Thursday after an insider sold shares in the company. The stock traded as low as GBX 26.50 and last traded at GBX 28. 7,733,575 shares were traded during mid-day trading, a decline of 13% from the average session volume of 8,926,854 shares. The stock had previously closed at GBX 29.60.

Specifically, insider Phil White sold 213,197 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was 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 on Wednesday, July 29th. The shares were sold at an average price of GBX 31, for a total transaction of £27,735.70.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MCG shares. Berenberg Bank reiterated a “hold” rating and set a GBX 35 price target on shares of Mobico Group in a research note on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a GBX 70 price objective on shares of Mobico Group in a research note on Wednesday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Mobico Group currently has an average rating of “Hold” and an average target price of GBX 43.33.

Mobico Group Stock Performance

The company has a market cap of £170.90 million, a PE ratio of -0.54 and a beta of 1.31. The stock’s 50-day simple moving average is GBX 23.80 and its 200 day simple moving average is GBX 23.12.

Mobico Group (LON:MCG) last issued its earnings results on Wednesday, July 29th. The company reported GBX (22.62) earnings per share for the quarter. Mobico Group had a negative net margin of 10.75% and a positive return on equity of 160.47%. On average, sell-side analysts predict 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.