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

Mobico Group (LON:MCG)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a research note issued on Tuesday, London Stock Exchange reports. They presently have a GBX 35 target price on the stock. Berenberg Bank’s price objective suggests a potential upside of 48.94% from the stock’s previous close.

Separately, 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, July 29th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 43.33.

Mobico Group Trading Up 0.5%

Shares of Mobico Group stock opened at GBX 23.50 on Tuesday. The company has a fifty day simple moving average of GBX 24.92 and a 200-day simple moving average of GBX 23.32. Mobico Group has a 12-month low of GBX 17.06 and a 12-month high of GBX 32.77. The stock has a market cap of £143.17 million, a price-to-earnings ratio of -0.45 and a beta of 1.31.

Mobico Group (LON:MCG) last posted its 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%. On average, analysts forecast that Mobico Group will post 14.0227704 earnings per share for the current fiscal year.

Insider Activity at Mobico Group

In other Mobico Group news, insider Phil White sold 213,197 shares of the business’s stock in a transaction that occurred on 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 that occurred on 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.

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.