Mitie Group plc (LON:MTO - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 159.60 ($2.17) and last traded at GBX 157.40 ($2.14), with a volume of 3577530 shares changing hands. The stock had previously closed at GBX 159 ($2.16).
Analyst Ratings Changes
Separately, Berenberg Bank boosted their price target on Mitie Group from GBX 160 ($2.17) to GBX 165 ($2.24) and gave the company a "buy" rating in a report on Wednesday, April 16th.
Read Our Latest Stock Report on MTO
Mitie Group Trading Down 13.2%
The company has a market capitalization of £1.75 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. The business has a fifty day moving average price of GBX 139.39 and a 200 day moving average price of GBX 122.18. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 85.41.
Mitie Group (LON:MTO - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported GBX 12.70 ($0.17) earnings per share (EPS) for the quarter. Mitie Group had a return on equity of 28.24% and a net margin of 2.52%. On average, analysts expect that Mitie Group plc will post 10.9360519 earnings per share for the current fiscal year.
Mitie Group announced that its board has initiated a stock repurchase plan on Wednesday, April 16th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.
Insider Buying and Selling at Mitie Group
In other news, insider Derek Mapp bought 8,571 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was bought at an average price of GBX 115 ($1.56) per share, with a total value of £9,856.65 ($13,384.91). Insiders have acquired 8,797 shares of company stock worth $1,015,714 over the last 90 days. Company insiders own 5.65% of the company's stock.
About Mitie Group
(
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Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.
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