Berenberg Bank Reiterates “Hold” Rating for Mobico Group (LON:MCG)

Mobico Group (LON:MCG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Berenberg Bank in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 35 target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 41.24% from the company’s previous close.

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 70 price objective on shares of Mobico Group in a report on Wednesday, July 29th. One 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 presently has an average rating of “Hold” and a consensus price target of GBX 43.33.

Mobico Group Trading Down 2.0%

Mobico Group stock opened at GBX 24.78 on Wednesday. The company has a market capitalization of £150.97 million, a price-to-earnings ratio of -0.48 and a beta of 1.31. Mobico Group has a 12 month low of GBX 17.06 and a 12 month high of GBX 35.96. The stock’s 50 day moving average is GBX 24.74 and its 200-day moving average is GBX 23.41.

Mobico Group (LON:MCG) last issued its quarterly earnings data 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, equities research analysts predict that Mobico Group will post 14.0227704 earnings per share for the current fiscal year.

Insider Activity

In other Mobico Group news, insider Phil White sold 213,197 shares of the stock in a transaction dated Wednesday, July 29th. The shares were 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 firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of GBX 31, for a total transaction of £27,735.70. Corporate 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.