Mobility Global (NYSE:MBGL) Upgraded at Barclays

Mobility Global (NYSE:MBGL) was upgraded by investment analysts at Barclays to a “hold” rating in a report released on Tuesday, Zacks reports.

Other analysts have also recently issued reports about the company. UBS Group set a $23.00 price target on Mobility Global in a report on Thursday, July 2nd. Citigroup started coverage on shares of Mobility Global in a report on Tuesday, August 11th. They set a “neutral” rating and a $23.00 price objective for the company. Zacks Research raised shares of Mobility Global to a “hold” rating in a research report on Thursday, July 30th. Robert W. Baird decreased their price target on shares of Mobility Global from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. Finally, Royal Bank Of Canada assumed coverage on shares of Mobility Global in a report on Thursday, July 2nd. They set a “sector perform” rating and a $23.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.86.

Mobility Global Stock Down 2.3%

Shares of MBGL stock opened at $19.83 on Tuesday. Mobility Global has a 12-month low of $17.67 and a 12-month high of $26.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $5.87 billion and a P/E ratio of 110.17. The stock’s 50 day moving average is $20.40.

Mobility Global (NYSE:MBGL) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $468.00 million for the quarter. As a group, research analysts expect that Mobility Global will post 1.52 EPS for the current year.

Insider Buying and Selling at Mobility Global

In other news, Director Mark S. Peek bought 15,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of $19.87 per share, for a total transaction of $298,050.00. Following the completion of the acquisition, the director owned 50,000 shares in the company, valued at approximately $993,500. This trade represents a 42.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought 50,000 shares of company stock worth $980,550 in the last ninety days.

Institutional Investors Weigh In On Mobility Global

An institutional investor recently bought a new position in Mobility Global stock. Advisors Preferred LLC acquired a new position in Mobility Global, Inc. (NYSE:MBGL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,800 shares of the company’s stock, valued at approximately $36,000.

About Mobility Global

Mobility Global Inc providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, supporting automotive manufacturers, suppliers, dealer groups, media, financial institutions and consumers. Mobility Global Inc is based in NEW YORK.