Mitie Group plc (LON:MTO - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 116.19 ($1.54) and traded as high as GBX 149.40 ($1.99). Mitie Group shares last traded at GBX 148.60 ($1.98), with a volume of 3,582,727 shares traded.
Wall Street Analyst Weigh In
Separately, Berenberg Bank raised their target price on shares of Mitie Group from GBX 160 ($2.13) to GBX 165 ($2.19) and gave the company a "buy" rating in a research note on Wednesday, April 16th.
View Our Latest Stock Analysis on MTO
Mitie Group Stock Up 1.0 %
The company has a debt-to-equity ratio of 85.41, a current ratio of 0.90 and a quick ratio of 0.83. The company has a market capitalization of £1.88 billion, a PE ratio of 15.44, a P/E/G ratio of 10.10 and a beta of 1.41. The business has a 50-day moving average of GBX 122.12 and a 200 day moving average of GBX 116.38.
Mitie Group declared that its board has initiated a share buyback program on Wednesday, April 16th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.
Insider Transactions at Mitie Group
In other news, insider Derek Mapp bought 8,571 shares of Mitie Group stock in a transaction that occurred on Tuesday, April 1st. The stock was bought at an average price of GBX 115 ($1.53) per share, for a total transaction of £9,856.65 ($13,102.02). Insiders own 5.65% of the company's stock.
Mitie Group Company Profile
(
Get Free Report)
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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