Mobico Group (LON:MCG) Stock Price Up 9.6% – Still a Buy?

Mobico Group Plc (LON:MCG) shares rose 9.6% on Friday. The company traded as high as GBX 29 and last traded at GBX 28.30. 14,180,244 shares traded hands during mid-day trading, an increase of 84% from the average session volume of 7,696,792 shares. The stock had previously closed at GBX 25.82.

Wall Street Analysts Forecast Growth

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

Mobico Group Stock Up 9.6%

The firm has a fifty day moving average of GBX 24.07 and a 200-day moving average of GBX 23.55. The firm has a market cap of £172.41 million, a P/E ratio of -0.55 and a beta of 1.31.

Mobico Group (LON:MCG) last issued its earnings results on Wednesday, July 29th. The company reported GBX (22.62) earnings per share for the quarter. Mobico Group had a positive return on equity of 160.47% and a negative net margin of 10.75%. On average, equities analysts forecast that Mobico Group Plc will post 14.02 EPS for the current year.

Insider Buying and Selling

In related news, insider Phil White sold 213,197 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 transaction of £66,091.07. Also, insider Brian Egan sold 89,470 shares of Mobico Group stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of GBX 31, for a total value of £27,735.70. Corporate insiders own 2.25% of the company’s stock.

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.