Mobility Global (NYSE:MBGL) Stock Price Expected to Rise, Barclays Analyst Says

Mobility Global (NYSE:MBGL – Get Free Report) had its target price hoisted by stock analysts at Barclays from $23.00 to $25.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 8.73% from the company’s previous close.

Several other equities research analysts have also issued reports on MBGL. Bank of America assumed coverage on shares of Mobility Global in a report on Friday, August 21st. They issued a “neutral” rating and a $23.00 price target on the stock. Weiss Ratings upgraded shares of Mobility Global from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 22nd. Morgan Stanley initiated coverage on shares of Mobility Global in a research note on Friday, October 9th. They set an “equal weight” rating and a $19.00 price objective on the stock. Wall Street Zen raised shares of Mobility Global to a “hold” rating in a report on Saturday, July 18th. Finally, Wolfe Research upgraded shares of Mobility Global to a “strong-buy” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Mobility Global currently has a consensus rating of “Hold” and an average target price of $22.60.

Check Out Our Latest Analysis on MBGL

Mobility Global Price Performance

MBGL stock traded down $0.14 on Friday, reaching $22.99. The company’s stock had a trading volume of 750,214 shares, compared to its average volume of 5,917,215. The business has a fifty day simple moving average of $19.02. The company has a market capitalization of $6.81 billion and a P/E ratio of 127.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. Mobility Global has a 52 week low of $16.95 and a 52 week high of $26.00.

Mobility Global (NYSE:MBGL – Get Free Report) last released its earnings results on Thursday, November 12th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $478.00 million during the quarter. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts expect that Mobility Global will post 1.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Mobility Global

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Trust Services Inc. acquired a new position in shares of Mobility Global in the third quarter valued at approximately $25,000. Sterling Capital Management LLC acquired a new position in Mobility Global in the third quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new position in shares of Mobility Global in the 3rd quarter worth $28,000. CX Institutional purchased a new position in shares of Mobility Global during the third quarter valued at approximately $30,000. Finally, Rothschild Investment LLC purchased a new position in Mobility Global during the third quarter worth about $32,000.

Key Headlines Impacting Mobility Global

Here are a few of the latest headlines about MBGL:

About Mobility Global

(Get Free Report)

Mobility Global is a blank-check company formed to pursue a merger, acquisition, share exchange or similar business combination with an operating business. It does not have established products or services of its own. The company’s stated focus is the mobility sector, which may include businesses involved in transportation, automotive services, logistics and related technologies. Its activities are centered on identifying and completing a suitable business combination.

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Analyst Recommendations for Mobility Global (NYSE:MBGL)

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