Jefferies Financial Group Reiterates "Hold" Rating for Mitie Group (LON:MTO)

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.

Jefferies Financial Group restated their hold rating on shares of Mitie Group (LON:MTO - Free Report) in a research note issued to investors on Thursday morning, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 145 target price on the stock.

Several other equities research analysts have also issued reports on the stock. Berenberg Bank restated a "buy" rating and issued a GBX 175 target price on shares of Mitie Group in a report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mitie Group from GBX 165 to GBX 170 and gave the stock a "buy" rating in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 163.33.

Mitie Group Trading Down 1.3%

Shares of Mitie Group stock traded down GBX 1.80 during trading on Thursday, hitting GBX 142.20. The stock had a trading volume of 3,086,472 shares, compared to its average volume of 4,954,904. The firm's fifty day simple moving average is GBX 141.75 and its 200-day simple moving average is GBX 137.14. The stock has a market cap of £1.84 billion, a PE ratio of 1,871.05, a PEG ratio of 10.10 and a beta of 1.41. The company has a debt-to-equity ratio of 85.41, a current ratio of 0.90 and a quick ratio of 0.83. Mitie Group has a 12 month low of GBX 101 and a 12 month high of GBX 160.

Insider Buying and Selling at Mitie Group

In other Mitie Group news, insider Derek Mapp acquired 7,235 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was acquired at an average cost of GBX 141 per share, for a total transaction of £10,201.35. Also, insider Mary Reilly bought 1,796 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was purchased at an average price of GBX 141 per share, with a total value of £2,532.36. In the last ninety days, insiders acquired 11,600 shares of company stock worth $1,636,100. Company 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.