Insider Selling: Mobico Group (LON:MCG) Insider Sells £66,091.07 in Stock

Mobico Group Plc (LON:MCG) insider Phil White sold 213,197 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 value of £66,091.07.

Mobico Group Stock Performance

Shares of MCG stock opened at GBX 24.06 on Friday. The firm has a market cap of £146.82 million, a P/E ratio of -0.46 and a beta of 2.69. The business’s 50 day moving average price is GBX 23.99 and its 200-day moving average price is GBX 23.16. Mobico Group Plc has a fifty-two week low of GBX 17.06 and a fifty-two week high of GBX 38.12.

Mobico Group (LON:MCG) last announced its earnings results on Wednesday, July 29th. The company reported GBX (22.62) earnings per share 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 analysts predict that Mobico Group Plc will post 14.0227704 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MCG. Berenberg Bank reaffirmed a “hold” rating and set a GBX 35 price target on shares of Mobico Group in a report on Wednesday. Jefferies Financial Group reissued a “buy” rating and issued a GBX 70 price objective on shares of Mobico Group in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 43.33.

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.