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

Berenberg Bank reissued their hold rating on shares of Mobico Group (LON:MCG) in a research report released on Wednesday,Digital Look reports. The firm currently has a GBX 35 price objective on the stock.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 70 price objective on shares of Mobico Group in a research note 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 stock. Based on data from MarketBeat, Mobico Group currently has an average rating of “Hold” and a consensus target price of GBX 43.33.

Mobico Group Stock Performance

Shares of MCG stock opened at GBX 23.78 on Wednesday. The firm’s 50 day moving average price is GBX 24.82 and its two-hundred day moving average price is GBX 23.41. Mobico Group has a 52-week low of GBX 17.06 and a 52-week high of GBX 35.96. The stock has a market cap of £144.88 million, a PE ratio of -0.46 and a beta of 1.31.

Mobico Group (LON:MCG) last issued 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%. As a group, sell-side analysts predict that Mobico Group will post 14.0227704 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Brian Egan sold 89,470 shares of the company’s 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. Also, insider Phil White sold 213,197 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of GBX 31, for a total transaction of £66,091.07. 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.