Mobico Group (LON:MCG) Shares Down 3.7% – What’s Next?

Mobico Group Plc (LON:MCG)’s stock price was down 3.7% on Wednesday . The company traded as low as GBX 79 ($1.00) and last traded at GBX 79 ($1.00). Approximately 480,703 shares changed hands during trading, a decline of 78% from the average daily volume of 2,193,842 shares. The stock had previously closed at GBX 82 ($1.04).

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MCG shares. Royal Bank of Canada boosted their price objective on shares of Mobico Group from GBX 65 ($0.82) to GBX 70 ($0.89) and gave the stock a “sector perform” rating in a report on Friday, August 23rd. Berenberg Bank restated a “hold” rating and issued a GBX 66 ($0.84) price target on shares of Mobico Group in a research note on Thursday, August 22nd.

Mobico Group Trading Down 3.7 %

The firm has a 50 day moving average of GBX 73.20 and a 200-day moving average of GBX 62.77. The company has a market cap of £485.13 million, a P/E ratio of -343.48 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.