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

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

Wall Street Analysts Forecast Growth

MCG has been the subject of a number of analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 70 price target on shares of Mobico Group in a research report on Wednesday, July 29th. Berenberg Bank reissued a “hold” rating and set a GBX 35 price objective on shares of Mobico Group in a report on Tuesday, September 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Mobico Group presently has an average rating of “Hold” and an average target price of GBX 43.33.

Mobico Group Stock Performance

The company has a market capitalization of £172.41 million, a P/E ratio of -0.55 and a beta of 1.31. The firm has a 50 day moving average price of GBX 24.07 and a two-hundred day moving average price of GBX 23.55.

Mobico Group (LON:MCG) last issued its quarterly earnings data 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 expect that Mobico Group Plc will post 14.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Brian Egan sold 89,470 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of GBX 31, for a total value of £27,735.70. Also, insider Phil White sold 213,197 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of GBX 31, for a total value of £66,091.07. 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.