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The latest update is out from Mobico Group ( (GB:MCG) ).
Mobico Group’s subsidiary, ALSA, has secured a significant eight-year contract in Saudi Arabia valued at €500 million. This contract, in partnership with a local company, will operate 156 vehicles, including 126 electric ones, to serve Qiddiya, a major entertainment destination near Riyadh. The win enhances Mobico’s presence in the Middle East and demonstrates ALSA’s capability in securing large-scale, sustainable transport projects.
The most recent analyst rating on (GB:MCG) stock is a Hold with a £30.00 price target. To see the full list of analyst forecasts on Mobico Group stock, see the GB:MCG Stock Forecast page.
Spark’s Take on GB:MCG Stock
According to Spark, TipRanks’ AI Analyst, GB:MCG is a Neutral.
Mobico Group’s overall stock score is primarily impacted by its challenging financial performance, with consistent net losses and high leverage. Technical indicators suggest a bearish trend, and the valuation is unattractive due to a negative P/E ratio and lack of dividend yield. While the earnings call highlighted some positive revenue growth, significant operational and debt challenges persist.
To see Spark’s full report on GB:MCG stock, click here.
More about Mobico Group
Mobico is a leading, international shared mobility provider offering bus, coach, and rail services across the UK, North America, continental Europe, North Africa, and the Middle East.
Average Trading Volume: 5,010,581
Technical Sentiment Signal: Sell
Current Market Cap: £161.9M
Find detailed analytics on MCG stock on TipRanks’ Stock Analysis page.