Mobico Group (LON:MCG) Stock Price Down 1.4% – Should You Sell?

Shares of Mobico Group Plc (LON:MCG) traded down 1.4% on Friday . The stock 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).

Analyst Upgrades and Downgrades

MCG has been the subject of several analyst reports. Berenberg Bank restated a “hold” rating and set a GBX 66 ($0.83) target price on shares of Mobico Group in a research report on Thursday, August 22nd. Royal Bank of Canada boosted their target price on shares of 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 Price Performance

The company has a market cap of £493.42 million, a P/E ratio of -349.35 and a beta of 1.60. The business’s 50 day moving average price is GBX 77.20 and its 200-day moving average price is GBX 65.23.

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.