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

Berenberg Bank restated their hold rating on shares of Mobico Group (LON:MCG) in a report published on Wednesday morning,Digital Look reports. They currently have a GBX 35 price target on the stock.

Mobico Group Stock Down 9.3%

MCG opened at GBX 24.06 on Wednesday. The firm has a market cap of £146.82 million, a P/E ratio of -0.46 and a beta of 2.69. Mobico Group has a 52 week low of GBX 17.06 and a 52 week high of GBX 38.12. The business’s fifty day simple moving average is GBX 23.99 and its 200 day simple moving average is GBX 23.16.

Mobico Group (LON:MCG) last posted its quarterly earnings data on Wednesday, July 29th. The company reported GBX (22.62) EPS for the quarter. Mobico Group had a positive return on equity of 160.47% and a negative net margin of 10.75%. As a group, equities analysts expect that Mobico Group will post 14.0227704 EPS for the current fiscal year.

Insider Transactions at Mobico Group

In related 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 transaction of £27,735.70. Also, insider Phil White sold 213,197 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 £66,091.07. 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.