Mobico Group (LON:MCG) Shares Down 1.4% - Should You Sell?

Shares of Mobico Group Plc (LON:MCG - Get Free Report) fell 1.4% during mid-day 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

Several equities analysts recently weighed in on MCG shares. Berenberg Bank reiterated a "hold" rating and issued a GBX 66 ($0.83) price target on shares of Mobico Group in a report on Thursday, August 22nd. Royal Bank of Canada increased their price objective on shares of Mobico Group from GBX 65 ($0.82) to GBX 70 ($0.88) and gave the stock a "sector perform" rating in a research note on Friday, August 23rd.

Mobico Group Trading Down 1.4 %

The firm's fifty day moving average is GBX 77.20 and its 200 day moving average is GBX 65.25. The company has a market cap of £493.42 million, a PE ratio of -349.35 and a beta of 1.60.

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.