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

Key Points

• Mitie Group's stock price fell below its 200-day moving average, trading at GBX 136.81 ($1.84) as of the last session.
• Analysts have given Mitie a consensus rating of "Moderate Buy" with a target price of GBX 163.33, backed by recent upgrades from Deutsche Bank and Berenberg Bank.
• Insider transactions show significant activity, with insider Salma Shah purchasing 2,423 shares and Phillip Bentley selling over 2 million shares recently.

Mitie Group plc (LON:MTO - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 139.71 ($1.88) and traded as low as GBX 136.80 ($1.84). Mitie Group shares last traded at GBX 136.81 ($1.84), with a volume of 874,844 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Mitie Group from GBX 165 to GBX 170 and gave the company a "buy" rating in a research note on Monday, August 11th. Berenberg Bank reissued a "buy" rating and issued a GBX 175 price target on shares of Mitie Group in a research note on Tuesday, September 2nd. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 145 price target on shares of Mitie Group in a report on Thursday, September 11th. Two equities 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 163.33.

Mitie Group Trading Up 0.3%

The business has a 50 day moving average of GBX 141.84 and a two-hundred day moving average of GBX 139.71. The firm has a market capitalization of £1.77 billion, a price-to-earnings ratio of 1,805.26, a P/E/G ratio of 10.10 and a beta of 1.41. The company has a debt-to-equity ratio of 85.41, a quick ratio of 0.83 and a current ratio of 0.90.

Insider Transactions at Mitie Group

In other news, insider Salma Shah bought 2,423 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The shares were bought at an average cost of GBX 138 per share, for a total transaction of £3,343.74. Also, insider Phillip Bentley sold 2,000,032 shares of Mitie Group stock in a transaction on Monday, September 22nd. The shares were sold at an average price of GBX 138, for a total transaction of £2,760,044.16. Insiders have bought 4,579 shares of company stock valued at $633,853 over the last ninety days. 1.77% of the stock is owned by company insiders.

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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