Mobico Group’s (MCG) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Mobico Group (LON:MCG) in a research report released on Wednesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 70 price target on the stock.

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 35 price objective on shares of Mobico Group in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 43.33.

Mobico Group Trading Down 9.3%

Shares of MCG stock opened at GBX 24.06 on Wednesday. The company has a market capitalization of £146.82 million, a PE ratio of -0.46 and a beta of 2.69. The firm has a fifty day simple moving average of GBX 23.99 and a 200-day simple moving average of GBX 23.16. Mobico Group has a twelve month low of GBX 17.06 and a twelve month high of GBX 38.12.

Mobico Group (LON:MCG) last released its quarterly 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%. Equities research analysts predict that Mobico Group will post 14.0227704 EPS for the current year.

Insider Buying and Selling

In other news, insider Phil White sold 213,197 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of GBX 31, for a total transaction of £66,091.07. Also, insider Brian Egan sold 89,470 shares of the firm’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 transaction of £27,735.70. Corporate insiders own 0.90% 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.