Mitie Group (LON:MTO) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Technical breakout: Mitie crossed above its 200-day moving average
• Analyst sentiment is positive — four Buy and one Hold give a consensus rating of "Moderate Buy" with a consensus price target of GBX 186.20 (individual targets from ~GBX 170–195).
• Fundamentals & insider activity: Market cap £2.19bn with a P/E of 23.73 and a high debt-to-equity of 120.44 and current ratio below 1, while insiders bought 3,687 shares recently and own 1.82% of the stock.

Mitie Group plc (LON:MTO - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 160.27 and traded as high as GBX 174.20. Mitie Group shares last traded at GBX 173.20, with a volume of 868,210 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Berenberg Bank restated a "buy" rating and issued a GBX 210 target price on shares of Mitie Group in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft lifted their price target on Mitie Group from GBX 170 to GBX 190 and gave the company a "buy" rating in a research report on Tuesday, January 27th. Peel Hunt restated a "buy" rating and issued a GBX 191 price objective on shares of Mitie Group in a report on Thursday, November 20th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 195 target price on shares of Mitie Group in a research note on Monday, February 2nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Mitie Group has a consensus rating of "Moderate Buy" and a consensus price target of GBX 186.20.

Mitie Group Stock Up 0.3%

The stock has a market capitalization of £2.19 billion, a P/E ratio of 23.73, a PEG ratio of 10.10 and a beta of 0.91. The company has a debt-to-equity ratio of 120.44, a current ratio of 0.94 and a quick ratio of 0.83. The stock's fifty day moving average is GBX 172.76 and its two-hundred day moving average is GBX 160.27.

Insiders Place Their Bets

In related news, insider Mary Reilly acquired 1,518 shares of Mitie Group stock in a transaction dated Friday, January 2nd. The stock was acquired at an average cost of GBX 167 per share, with a total value of £2,535.06. Also, insider Salma Shah bought 1,994 shares of the firm's stock in a transaction that occurred on Friday, January 2nd. The stock was bought at an average price of GBX 167 per share, for a total transaction of £3,329.98. Insiders have bought a total of 3,687 shares of company stock valued at $616,646 in the last quarter. Insiders own 1.82% of the company's stock.

About Mitie Group

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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