Mobico Group (LON:MCG) Stock Price Down 1.4% – Should You Sell?

Mobico Group Plc (LON:MCG) was down 1.4% during trading on Tuesday. The company traded as low as GBX 23.36 and last traded at GBX 23.36. 1,016,384 shares changed hands during trading, a decline of 87% from the average session volume of 7,909,725 shares. The stock had previously closed at GBX 23.70.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MCG. Berenberg Bank restated a “hold” rating and issued a GBX 35 target price on shares of Mobico Group in a report on Tuesday, September 8th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 70 price target on shares of Mobico Group in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 43.33.

Mobico Group Trading Down 1.4%

The stock has a market cap of £142.32 million, a P/E ratio of -0.45 and a beta of 1.31. The firm’s fifty day moving average is GBX 24.52 and its 200 day moving average is GBX 23.23.

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

Insider Activity

In related 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 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. 2.25% of the stock is currently owned by insiders.

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.