Insider Selling: Mobico Group (LON:MCG) Insider Sells 213,197 Shares of Stock

Mobico Group Plc (LON:MCG) insider Phil White sold 213,197 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of GBX 31, for a total transaction of £66,091.07.

Mobico Group Stock Down 8.8%

Shares of MCG stock traded down GBX 2.61 during trading hours on Thursday, hitting GBX 26.99. 14,951,477 shares of the company’s stock traded hands, compared to its average volume of 8,976,291. The stock has a market cap of £164.74 million, a PE ratio of -0.52 and a beta of 1.31. The stock’s 50 day simple moving average is GBX 23.80 and its 200 day simple moving average is GBX 23.12. Mobico Group Plc has a 12 month low of GBX 17.06 and a 12 month high of GBX 38.12.

Mobico Group (LON:MCG) last posted its quarterly earnings data 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 research analysts expect that Mobico Group Plc will post 14.0227704 EPS for the current fiscal year.

Analysts Set New Price Targets

MCG has been the subject of a number of analyst reports. Berenberg Bank restated a “hold” rating and set a GBX 35 price objective on shares of Mobico Group in a research report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 70 target price on shares of Mobico Group in a report on Wednesday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Mobico Group has a consensus rating of “Hold” and a consensus price target 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.