Mobico Group (LON:MCG) Trading Down 1.4% – What’s Next?

Mobico Group Plc (LON:MCG) was down 1.4% during mid-day trading on Friday . The company traded as low as GBX 79.70 ($1.01) and last traded at GBX 80.35 ($1.01). Approximately 1,181,707 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 2,209,860 shares. The stock had previously closed at GBX 81.45 ($1.03).

Analyst Ratings Changes

Several research analysts have commented on the stock. Berenberg Bank reissued a “hold” rating and set a GBX 66 ($0.83) price objective on shares of Mobico Group in a report on Thursday, August 22nd. Royal Bank of Canada increased their price target on Mobico Group from GBX 65 ($0.82) to GBX 70 ($0.88) and gave the company a “sector perform” rating in a research note on Friday, August 23rd.

Mobico Group Price Performance

The company has a market cap of £493.42 million, a P/E ratio of -349.35 and a beta of 1.60. The firm’s 50-day moving average is GBX 77.20 and its two-hundred day moving average is GBX 65.25.

Mobico Group Company Profile

Mobico Group Plc engages in providing public transport services in the United Kingdom, Germany, Spain, Morocco, Switzerland, the United States, Canada, France, and Portugal. The company operates through UK, German Rail, ALSA, and North America segments. It owns and leases vehicles. The company also provides student transportation, urban bus, regional/long haul coach, rail, and charter and other services; transit and scheduled coach services; and private hire and commuter coach travel services.