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

Key Points

• Mitie Group shares rose above their 200-day moving average, reaching GBX 208.80 and closing at GBX 208.01, compared with a 200-day average of GBX 174.52.
• Analysts remain broadly positive, with four Buy ratings and one Hold rating, producing a consensus rating of “Moderate Buy.” However, the consensus price target of GBX 192.20 is below the latest share price.
• The company reported quarterly EPS of GBX 13.60, a 15.86% return on equity and a 1.47% net margin. Insider activity was mixed, with one executive selling shares while another made a smaller purchase.

Mitie Group plc (LON:MTO - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 174.52 and traded as high as GBX 208.80. Mitie Group shares last traded at GBX 208.01, with a volume of 12,550,046 shares trading hands.

Wall Street Analyst Weigh In

MTO has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 195 price objective on shares of Mitie Group in a research report on Monday, June 8th. Royal Bank Of Canada decreased their target price on shares of Mitie Group from GBX 205 to GBX 200 and set an "outperform" rating on the stock in a research report on Friday, June 5th. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 230 target price on shares of Mitie Group in a research note on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 192.20.

Mitie Group Trading Up 0.0%

The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 107.60. The firm's 50 day simple moving average is GBX 174.08 and its 200-day simple moving average is GBX 174.52. The company has a market capitalization of £2.71 billion, a PE ratio of 34.10, a P/E/G ratio of 10.10 and a beta of 0.90.

Mitie Group (LON:MTO - Get Free Report) last issued its quarterly earnings data on Thursday, June 4th. The company reported GBX 13.60 EPS for the quarter. Mitie Group had a return on equity of 15.86% and a net margin of 1.47%.The company had revenue of GBX 561.86 billion for the quarter. As a group, equities research analysts anticipate that Mitie Group plc will post 10.9360519 EPS for the current year.

Insider Buying and Selling

In other Mitie Group news, insider Phillip Bentley sold 248,985 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of GBX 165, for a total value of £410,825.25. Also, insider Salma Shah acquired 2,220 shares of the company's stock in a transaction dated Wednesday, July 1st. The shares were purchased at an average price of GBX 149 per share, for a total transaction of £3,307.80. 1.89% of the stock is currently 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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