Wells Fargo & Company Lowers Mobility Global (NYSE:MBGL) Price Target to $23.00

by · The Markets Daily

Mobility Global (NYSE:MBGL – Get Free Report) had its target price cut by research analysts at Wells Fargo & Company from $25.00 to $23.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 20.51% from the company’s current price.

MBGL has been the subject of a number of other research reports. Wolfe Research raised Mobility Global to a “strong-buy” rating in a report on Monday, July 20th. Royal Bank Of Canada assumed coverage on shares of Mobility Global in a report on Thursday, July 2nd. They issued a “sector perform” rating and a $23.00 price objective for the company. Wall Street Zen raised shares of Mobility Global to a “hold” rating in a report on Saturday, July 18th. UBS Group set a $23.00 price target on shares of Mobility Global in a research note on Thursday, July 2nd. Finally, Zacks Research upgraded shares of Mobility Global to a “hold” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mobility Global currently has an average rating of “Moderate Buy” and a consensus price target of $22.75.

Check Out Our Latest Stock Report on MBGL

Mobility Global Price Performance

NYSE:MBGL traded down $0.61 on Monday, hitting $19.09. The company had a trading volume of 2,002,507 shares, compared to its average volume of 10,412,217. Mobility Global has a 52 week low of $17.67 and a 52 week high of $26.00.

Mobility Global (NYSE:MBGL – Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $468.00 million for the quarter. Sell-side analysts forecast that Mobility Global will post 1.45 EPS for the current fiscal year.

About Mobility Global

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Mobility Global Inc providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, supporting automotive manufacturers, suppliers, dealer groups, media, financial institutions and consumers. Mobility Global Inc is based in NEW YORK.

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