Mitie Group plc (LON:MTO - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 136.28 ($1.86) and traded as high as GBX 143 ($1.95). Mitie Group shares last traded at GBX 142.60 ($1.95), with a volume of 17,397,205 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. Jefferies Financial Group reissued a "hold" rating and issued a GBX 145 price target on shares of Mitie Group in a research note on Thursday, September 11th. Berenberg Bank reissued a "buy" rating and issued a GBX 175 target price on shares of Mitie Group in a research report on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft increased 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Mitie Group has a consensus rating of "Moderate Buy" and a consensus price target of GBX 163.33.
Check Out Our Latest Stock Analysis on Mitie Group
Mitie Group Stock Performance
The company has a market capitalization of £1.84 billion, a PE ratio of 1,871.05, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 85.41. The business's fifty day moving average is GBX 141.80 and its two-hundred day moving average is GBX 137.17.
Insider Transactions at Mitie Group
In other Mitie Group news, insider Derek Mapp purchased 7,235 shares of the stock in a transaction dated Tuesday, July 1st. The shares were purchased at an average cost of GBX 141 per share, with a total value of £10,201.35. Also, insider Mary Reilly acquired 1,796 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were acquired at an average cost of GBX 141 per share, for a total transaction of £2,532.36. Insiders acquired 11,600 shares of company stock worth $1,636,100 over the last quarter. 1.67% of the stock is currently owned by insiders.
About Mitie Group
(
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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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