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Berenberg analysts stated that Mobico's Q2 revenue grew by 5%, maintaining a "hold" rating and a price target of 35 pence.
Berenberg analysts Jack Cummings and Luka Trnovsek stated that Mobico's Q2 trading update showed an acceleration in revenue growth to 5% and reiterated adjusted operating profit guidance of £215 million to £230 million. Despite strong performance from its ALSA division offsetting a slowdown in UK passenger transport, the analysts maintained a "Hold" rating and a target price of 35 pence, awaiting a sustained recovery in UK passenger transport and a clear deleveraging path. Mobico's share price is currently up 1.9% at 23.82 pence.
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