Mitie Group plc (LON:MTO - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 137.37 ($1.86) and traded as high as GBX 145.20 ($1.97). Mitie Group shares last traded at GBX 140.60 ($1.91), with a volume of 3,070,137 shares traded.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on MTO shares. Berenberg Bank restated a "buy" rating and set a GBX 175 price objective on shares of Mitie Group in a report on Tuesday, September 2nd. Jefferies Financial Group restated a "hold" rating and set a GBX 145 price objective on shares of Mitie Group in a report on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Mitie Group from GBX 165 to GBX 170 and gave the stock a "buy" rating in a report 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 company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 163.33.
View Our Latest Report on Mitie Group
Mitie Group Stock Down 2.4%
The firm has a 50 day simple moving average of GBX 141.96 and a two-hundred day simple moving average of GBX 137.37. 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 stock has a market capitalization of £1.82 billion, a P/E ratio of 1,850.00, a PEG ratio of 10.10 and a beta of 1.41.
Insiders Place Their Bets
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 stock was purchased at an average cost of GBX 141 per share, for a total transaction of £3,327.60. Also, insider Mary Reilly bought 1,796 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were acquired at an average price of GBX 141 per share, with a total value of £2,532.36. Insiders acquired 11,703 shares of company stock worth $1,651,138 over the last three months. Insiders own 1.67% of the company's stock.
About Mitie Group
(
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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