Mobico Group’s (MCG) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Mobico Group (LON:MCG) in a report published on Tuesday, MarketBeat.com reports. The brokerage currently has a GBX 35 price target on the stock.

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 70 target price on shares of Mobico Group in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 43.33.

Mobico Group Trading Up 6.4%

LON:MCG opened at GBX 25.10 on Tuesday. Mobico Group has a 1-year low of GBX 17.06 and a 1-year high of GBX 32.77. The firm has a market capitalization of £152.92 million, a price-to-earnings ratio of -0.48 and a beta of 1.31. The business’s 50-day moving average price is GBX 24.85 and its two-hundred day moving average price is GBX 23.34.

Mobico Group (LON:MCG) last posted its earnings results on Wednesday, July 29th. The company reported GBX (22.62) earnings per share (EPS) for the quarter. Mobico Group had a positive return on equity of 160.47% and a negative net margin of 10.75%. Sell-side analysts predict that Mobico Group will post 14.0227704 earnings per share for the current year.

Insiders Place Their Bets

In other Mobico Group news, insider Brian Egan sold 89,470 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of GBX 31, for a total transaction of £27,735.70. Also, insider Phil White sold 213,197 shares of Mobico Group stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of GBX 31, for a total value of £66,091.07. Company 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.