Royal Bank Of Canada Cuts Mobico Group (LON:MCG) Price Target to GBX 25

Mobico Group (LON:MCG) had its price objective decreased by Royal Bank Of Canada from GBX 30 to GBX 25 in a report issued on Wednesday morning, MarketBeat Ratings reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 35 target price on shares of Mobico Group in a research note on Monday, January 19th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Mobico Group currently has a consensus rating of “Hold” and an average target price of GBX 30.

Mobico Group Trading Down 2.8%

MCG opened at GBX 18.20 on Wednesday. The stock has a 50-day moving average price of GBX 23.14 and a 200-day moving average price of GBX 24.52. Mobico Group has a 12-month low of GBX 17.59 and a 12-month high of GBX 64. The stock has a market capitalization of £111.08 million, a P/E ratio of -0.11 and a beta of 0.86.

Mobico Group (LON:MCG) last announced its quarterly earnings data on Thursday, February 26th. The company reported GBX (19.20) EPS for the quarter. Mobico Group had a negative net margin of 10.75% and a positive return on equity of 160.47%. On average, equities research analysts predict that Mobico Group will post 14.0227704 EPS for the current year.

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.