Mitie Group (LON:MTO) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Shares of Mitie Group (LON:MTO) crossed above its 200‑day moving average
• Analysts are generally bullish: four Buys and one Hold produce a MarketBeat average rating of “Moderate Buy” with a consensus price target of GBX 186.20.
• The company has a market cap of £2.16bn and a PE of 23.37 but a very high debt‑to‑equity ratio (120.44); insiders bought 3,596 shares in the last 90 days, leaving 1.82% insider ownership.

Shares of Mitie Group plc (LON:MTO - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 161.56 and traded as high as GBX 173.60. Mitie Group shares last traded at GBX 170.60, with a volume of 19,799,809 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MTO. Berenberg Bank reissued a "buy" rating and issued a GBX 210 target price on shares of Mitie Group in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft increased their price objective on Mitie Group from GBX 170 to GBX 190 and gave the company a "buy" rating in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 195 price objective on shares of Mitie Group in a report on Monday, February 2nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 186.20.

Mitie Group Price Performance

The company has a current ratio of 0.94, a quick ratio of 0.83 and a debt-to-equity ratio of 120.44. The company has a market capitalization of £2.16 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 10.10 and a beta of 0.91. The stock's 50-day moving average is GBX 173.32 and its two-hundred day moving average is GBX 161.56.

Insiders Place Their Bets

In other Mitie Group news, insider Mary Reilly bought 1,518 shares of the firm's stock in a transaction dated Friday, January 2nd. The stock was acquired at an average cost of GBX 167 per share, for a total transaction of £2,535.06. Also, insider Salma Shah bought 1,994 shares of the firm's stock in a transaction dated Friday, January 2nd. The shares were acquired at an average price of GBX 167 per share, with a total value of £3,329.98. In the last 90 days, insiders have purchased 3,596 shares of company stock valued at $601,540. 1.82% of the stock is owned by company insiders.

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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