Mobico Group (LON:MCG) Shares Down 7% – Here’s Why

Mobico Group Plc (LON:MCG)’s stock price traded down 7% on Friday . The company traded as low as GBX 21.88 and last traded at GBX 22.53. 80,518,258 shares traded hands during trading, an increase of 731% from the average session volume of 9,693,986 shares. The stock had previously closed at GBX 24.22.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reduced their price target on shares of Mobico Group from GBX 30 to GBX 25 and set a “sector perform” rating for the company in a research report on Wednesday, March 25th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 30.

Mobico Group Price Performance

The company has a market cap of £135.82 million, a P/E ratio of -0.43 and a beta of 1.32. The company’s 50-day moving average is GBX 22.38 and its two-hundred day moving average is GBX 22.73.

Mobico Group Company Profile

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.