Mitie Group (LON:MTO) Receives "Hold" Rating from Jefferies Financial Group

Key Points

• Mitie Group's stock received a "hold" rating from Jefferies Financial Group, maintaining a target price of GBX 145, indicating a potential upside of 0.83% from its previous close.
• Two analysts rated the stock as a buy, while one gave it a hold rating, leading to a consensus rating of "Moderate Buy" with an average price target of GBX 163.33.
• Insiders have been actively buying shares, acquiring a total of 11,704 shares worth approximately $1.65 million over the past three months.

Mitie Group (LON:MTO - Get Free Report)'s stock had its "hold" rating reiterated by Jefferies Financial Group in a report issued on Thursday,Digital Look reports. They currently have a GBX 145 target price on the stock. Jefferies Financial Group's price objective points to a potential upside of 0.83% from the stock's previous close.

MTO has been the topic of several other research reports. Berenberg Bank restated a "buy" rating and issued a GBX 175 price target on shares of Mitie Group in a research note on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft upped their price target on Mitie Group from GBX 165 to GBX 170 and gave the stock a "buy" rating in a research note on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 163.33.

Mitie Group Stock Performance

Mitie Group stock opened at GBX 143.80 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 85.41. The company has a market capitalization of £1.86 billion, a P/E ratio of 1,892.11, a PEG ratio of 10.10 and a beta of 1.41. The stock's 50 day moving average is GBX 141.52 and its 200 day moving average is GBX 136.28. Mitie Group has a twelve month low of GBX 101 and a twelve month high of GBX 160.

Insider Buying and Selling at Mitie Group

In other Mitie Group news, insider Salma Shah bought 2,360 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were acquired at an average cost of GBX 141 per share, for a total transaction of £3,327.60. Also, insider Mary Reilly purchased 1,796 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was purchased at an average price of GBX 141 per share, for a total transaction of £2,532.36. In the last three months, insiders have acquired 11,704 shares of company stock worth $1,651,076. Insiders own 1.67% of the company's stock.

Mitie Group Company Profile

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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