Mobico Group (LON:MCG) Trading Down 1.4% – Should You Sell?

Mobico Group Plc (LON:MCG)’s stock price was down 1.4% during mid-day trading on Friday . The stock 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 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).

Analysts Set New Price Targets

MCG has been the subject of several research reports. Berenberg Bank reissued a “hold” rating and issued a GBX 66 ($0.83) target price on shares of Mobico Group in a research note on Thursday, August 22nd. Royal Bank of Canada upped their target price on shares of Mobico Group from GBX 65 ($0.82) to GBX 70 ($0.88) and gave the company a “sector perform” rating in a research report on Friday, August 23rd.

Mobico Group Trading Down 1.4 %

The business’s fifty day simple moving average is GBX 77.20 and its 200 day simple moving average is GBX 65.23. The stock has a market cap of £493.42 million, a price-to-earnings ratio of -349.35 and a beta of 1.60.

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.