Analyst Matthew Copeland of Jefferies maintained a Buy rating on Mobico Group, with a price target of p70.00.
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Matthew Copeland has given his Buy rating due to a combination of factors, notably Mobico’s stronger‑than‑expected EBIT performance driven by exceptional results in its ALSA division and robust year‑end trading. Although management’s FY26 guidance points to slower EBIT growth and sits modestly below market expectations, it excludes any potential benefit from the anticipated renegotiation of German Rail contracts, which could provide additional upside.
He also highlights that, despite the sharp share price correction following the weak valuation achieved on the North America School Bus sale and elevated leverage, the remaining business is now structurally more attractive, with higher growth, better margins and stronger cash generation. In his view, the company’s current valuation at around 10x FY25 EV/EBIT, versus its historic 12x multiple, undervalues these improved fundamentals and the scope for further clarity on medium‑term growth and deleveraging under the new management team.
According to TipRanks, Copeland is an analyst with an average return of -26.7% and a 16.67% success rate.