Shares of Mitie Group plc (LON:MTO - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 136.28 ($1.84) and traded as high as GBX 143 ($1.94). Mitie Group shares last traded at GBX 142.60 ($1.93), with a volume of 17,397,205 shares traded.
Analyst Ratings Changes
Several research analysts have recently weighed in on MTO shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Mitie Group from GBX 165 to GBX 170 and gave the stock a "buy" rating in a research report on Monday, August 11th. Berenberg Bank reissued a "buy" rating and issued a GBX 175 price objective on shares of Mitie Group in a research report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of GBX 172.50.
Read Our Latest Analysis on MTO
Mitie Group Stock Performance
The company has a debt-to-equity ratio of 85.41, a quick ratio of 0.83 and a current ratio of 0.90. The company has a 50 day moving average price of GBX 141.52 and a 200 day moving average price of GBX 136.28. The company has a market capitalization of £1.84 billion, a price-to-earnings ratio of 1,876.32, a P/E/G ratio of 10.10 and a beta of 1.41.
Insider Buying and Selling at Mitie Group
In related news, insider Derek Mapp purchased 7,235 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was acquired at an average price of GBX 141 per share, for a total transaction of £10,201.35. Also, insider Salma Shah purchased 2,360 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were bought at an average price of GBX 141 per share, with a total value of £3,327.60. In the last quarter, insiders purchased 11,704 shares of company stock worth $1,651,076. Insiders own 1.67% 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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