Mobico Group (LON:MCG) Shares Down 5.4% – Time to Sell?

Mobico Group Plc (LON:MCG) shares were down 5.4% during trading on Monday . The stock traded as low as GBX 22 and last traded at GBX 22.10. Approximately 4,175,672 shares were traded during trading, a decline of 56% from the average daily volume of 9,396,853 shares. The stock had previously closed at GBX 23.36.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lowered their target price on Mobico Group from GBX 30 to GBX 25 and set a “sector perform” rating for the company in a research note on Wednesday, March 25th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Mobico Group currently has an average rating of “Hold” and a consensus price target of GBX 30.

Mobico Group Stock Performance

The stock has a market capitalization of £134.89 million, a price-to-earnings ratio of -0.43 and a beta of 1.32. The company has a 50 day moving average of GBX 21.82 and a 200 day moving average of GBX 22.79.

About Mobico Group

Mobico Group is a leading international transport operator, diversified internationally and by business area; with operations in North America, continental Europe, the UK and North Africa.

We provide safe, efficient, clean and reliable shared mobility solutions to cities, businesses, education, healthcare and customers.

We are internationally diversified with a balanced portfolio of high quality contracts and market-leading customer brands.

We help millions of people around the world every day, getting them safely and reliably to work, school, to family and friends.

We are leveraging our network economies to shape the future of multi-modal transport.