Mobico Group’s (MCG) Hold Rating Reaffirmed at Berenberg Bank

Mobico Group (LON:MCG)‘s stock had its “hold” rating reissued by 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 indicates a potential upside of 41.24% from the stock’s current price.

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 70 price target 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 43.33.

Mobico Group Trading Down 2.0%

Shares of Mobico Group stock opened at GBX 24.78 on Wednesday. The firm has a market capitalization of £150.97 million, a PE ratio of -0.48 and a beta of 1.31. The firm’s 50 day moving average is GBX 24.74 and its 200 day moving average is GBX 23.41. Mobico Group has a 1 year low of GBX 17.06 and a 1 year high of GBX 35.96.

Mobico Group (LON:MCG) last announced its quarterly 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%. As a group, research analysts anticipate that Mobico Group will post 14.0227704 earnings per share for the current year.

Insider Transactions at Mobico Group

In other Mobico Group news, insider Phil White sold 213,197 shares of the company’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 the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of GBX 31, for a total value of £27,735.70. Insiders own 2.25% of the company’s stock.

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.