Mobico Group Withdraws AGM Resolution Following Board Resignation

An announcement from Mobico Group ( (GB:MCG) ) is now available.

Mobico Group PLC has announced the withdrawal of Resolution 7 from the agenda of its 2025 Annual General Meeting, following the resignation of Ignacio Garat from the Board. This resolution pertained to his re-election as a director. The removal of this resolution does not impact the validity of the AGM notice or any proxy votes already submitted for other resolutions, ensuring the meeting’s proceedings remain unaffected.

The most recent analyst rating on (GB:MCG) stock is a Hold with a £35.00 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 reflects significant challenges in financial performance, characterized by persistent losses and high leverage. Although technical indicators show bearish momentum, strategic divestments and contract wins offer potential recovery avenues. Valuation concerns and operational headwinds remain significant, impacting the overall attractiveness of the stock.

To see Spark’s full report on GB:MCG stock, click here.

More about Mobico Group

Average Trading Volume: 3,550,703

Technical Sentiment Signal: Strong Sell

Current Market Cap: £195.4M

For an in-depth examination of MCG stock, go to TipRanks’ Stock Analysis page.