Mobico Group (LON:MCG) Stock Price Down 2.8% – What’s Next?

Mobico Group Plc (LON:MCG)’s stock price dropped 2.8% during trading on Tuesday . The stock traded as low as GBX 68.25 ($0.89) and last traded at GBX 68.30 ($0.89). Approximately 645,183 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 2,251,580 shares. The stock had previously closed at GBX 70.25 ($0.91).

Analyst Upgrades and Downgrades

MCG has been the subject of several recent research reports. Berenberg Bank restated a “hold” rating and issued a GBX 66 ($0.86) price target on shares of Mobico Group in a report on Thursday, August 22nd. Royal Bank of Canada boosted their price target on shares of Mobico Group from GBX 65 ($0.84) to GBX 70 ($0.91) and gave the company a “sector perform” rating in a report on Friday, August 23rd.

Mobico Group Stock Performance

The firm has a market cap of £419.42 million, a P/E ratio of -296.96 and a beta of 1.60. The firm’s fifty day moving average price is GBX 71.10 and its 200 day moving average price is GBX 60.93.

About Mobico Group

Mobico Group Plc engages in providing public transport services in the United Kingdom, Germany, Spain, Morocco, Switzerland, the United States, Canada, France, and Portugal. The company operates through UK, German Rail, ALSA, and North America segments. It owns and leases vehicles. The company also provides student transportation, urban bus, regional/long haul coach, rail, and charter and other services; transit and scheduled coach services; and private hire and commuter coach travel services.