Mobico Group (LON:MCG) Stock Price Up 11.7% – Still a Buy?

Shares of Mobico Group Plc (LON:MCG) shot up 11.7% during trading on Friday. The company traded as high as GBX 44.74 and last traded at GBX 44. 535,849,313 shares changed hands during trading, an increase of 4,961% from the average daily volume of 10,587,162 shares. The stock had previously closed at GBX 39.38.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MCG. Berenberg Bank restated a “hold” rating and issued a GBX 35 target price on shares of Mobico Group in a research report on Tuesday, September 8th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 70 price objective on shares of Mobico Group in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 43.33.

Mobico Group Price Performance

The business has a 50 day simple moving average of GBX 26.27 and a 200 day simple moving average of GBX 24.09. The company has a market capitalization of £267.84 million, a price-to-earnings ratio of -0.85 and a beta of 1.31.

Mobico Group (LON:MCG) last released its earnings results 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%. On average, equities research analysts predict that Mobico Group Plc will post 14.02 EPS for the current year.

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.