Mobico Group (LON:MCG) Shares Down 1.4% – Time to Sell?

Mobico Group Plc (LON:MCG) fell 1.4% during trading on Friday . The company traded as low as GBX 79.70 ($1.01) and last traded at GBX 80.35 ($1.01). 1,181,707 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 2,209,860 shares. The stock had previously closed at GBX 81.45 ($1.03).

Analysts Set New Price Targets

A number of brokerages have issued reports on MCG. Berenberg Bank restated a “hold” rating and issued a GBX 66 ($0.83) price objective on shares of Mobico Group in a research note on Thursday, August 22nd. Royal Bank of Canada boosted their target price on Mobico Group from GBX 65 ($0.82) to GBX 70 ($0.88) and gave the company a “sector perform” rating in a research note on Friday, August 23rd.

Mobico Group Stock Performance

The company’s 50-day moving average price is GBX 77.20 and its two-hundred day moving average price is GBX 65.25. The stock has a market cap of £493.42 million, a PE ratio of -349.35 and a beta of 1.60.

Mobico Group Company Profile

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.