Mobico Group (LON:MCG) Shares Down 3.7% - Time to Sell?

Mobico Group Plc (LON:MCG - Get Free Report)'s stock price fell 3.7% on Wednesday . The stock traded as low as GBX 79 ($1.00) and last traded at GBX 79 ($1.00). 480,703 shares traded hands during trading, a decline of 78% from the average session volume of 2,193,842 shares. The stock had previously closed at GBX 82 ($1.04).

Wall Street Analysts Forecast Growth

MCG has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on shares of Mobico Group from GBX 65 ($0.82) to GBX 70 ($0.89) and gave the stock a "sector perform" rating in a report on Friday, August 23rd. Berenberg Bank restated a "hold" rating and issued a GBX 66 ($0.84) target price on shares of Mobico Group in a research note on Thursday, August 22nd.

Mobico Group Stock Performance

The company has a market cap of £490.66 million, a price-to-earnings ratio of -343.48 and a beta of 1.60. The company's fifty day moving average is GBX 73.20 and its two-hundred day moving average is GBX 62.77.

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.