Mitie Group (LON:MTO) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Mitie’s stock crossed above its 200‑day moving average (GBX 159.26), trading as high as GBX 175.80 and last at GBX 175.40 on heavy volume, a short‑term bullish technical signal.
• Analyst sentiment is positive: four Buy and one Hold produce an average rating of Moderate Buy with an average target of GBX 186.20 and individual targets ranging up to GBX 210.
• Insiders have been buying recently — 3,687 shares purchased in the past 90 days and insiders now own 1.82% of the company, suggesting management confidence.

Mitie Group plc (LON:MTO - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 159.26 and traded as high as GBX 175.80. Mitie Group shares last traded at GBX 175.40, with a volume of 1,427,934 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on MTO. Berenberg Bank reiterated a "buy" rating and set a GBX 210 price objective on shares of Mitie Group in a research report on Tuesday, January 27th. Peel Hunt reaffirmed a "buy" rating and issued a GBX 191 target price on shares of Mitie Group in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mitie Group from GBX 170 to GBX 190 and gave the stock a "buy" rating in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 195 price objective on shares of Mitie Group in a research note on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 186.20.

Mitie Group Trading Up 1.6%

The company has a quick ratio of 0.83, a current ratio of 0.94 and a debt-to-equity ratio of 120.44. The firm's fifty day moving average is GBX 172.20 and its two-hundred day moving average is GBX 159.26. The firm has a market cap of £2.22 billion, a P/E ratio of 24.03, a PEG ratio of 10.10 and a beta of 0.92.

Insider Transactions at Mitie Group

In related news, insider Mary Reilly acquired 1,518 shares of the stock in a transaction on 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 acquired 1,994 shares of the business's stock in a transaction on Friday, January 2nd. The shares were purchased at an average cost 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 worth $616,646 in the last ninety days. Insiders own 1.82% of the company's stock.

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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