Stobart Group (LON:STOB) Share Price Crosses Below 200-Day Moving Average of $117.62

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Stobart Group Ltd (LON:STOB)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $117.62 and traded as low as $111.00. Stobart Group shares last traded at $112.20, with a volume of 133,892 shares changing hands.

STOB has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their price target on Stobart Group from GBX 174 ($2.27) to GBX 168 ($2.20) and set a “buy” rating on the stock in a report on Thursday, November 14th. Canaccord Genuity lowered their price target on Stobart Group from GBX 350 ($4.57) to GBX 190 ($2.48) and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, HSBC upped their price target on Stobart Group from GBX 124 ($1.62) to GBX 129 ($1.69) and gave the company a “hold” rating in a report on Wednesday, November 27th.

The stock has a market capitalization of $420.36 million and a P/E ratio of -6.56. The company has a quick ratio of 0.38, a current ratio of 0.52 and a debt-to-equity ratio of 91.91. The business has a fifty day moving average price of GBX 120.16 and a 200-day moving average price of GBX 117.62.

In other Stobart Group news, insider David J. B. Shearer purchased 100,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of GBX 121 ($1.58) per share, with a total value of £121,000 ($158,107.93).

About Stobart Group (LON:STOB)

Stobart Group Limited is engaged in infrastructure and support service businesses operating in the biomass energy, aviation and railway maintenance sectors, as well as has investments in a national property and logistics portfolio. Its segments are Energy, Aviation, Rail, Infrastructure and Investments.

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