Mobico Group (LON:MCG) Earns Buy Rating from Jefferies Financial Group

Mobico Group (LON:MCG)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 70 price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 144.91% from the stock’s current price.

Separately, Berenberg Bank reiterated a “hold” rating and set a GBX 35 price target on shares of Mobico Group in a research report on Wednesday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 43.33.

Mobico Group Price Performance

Shares of Mobico Group stock opened at GBX 28.58 on Wednesday. The business has a 50 day simple moving average of GBX 23.62 and a two-hundred day simple moving average of GBX 23.07. Mobico Group has a 12 month low of GBX 17.06 and a 12 month high of GBX 38.12. The stock has a market capitalization of £174.45 million, a P/E ratio of -0.55 and a beta of 1.31.

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.