Mitie Group plc (LON:MTO - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 117.48 ($1.56) and traded as high as GBX 151.60 ($2.02). Mitie Group shares last traded at GBX 151.40 ($2.01), with a volume of 2,357,595 shares changing hands.
Analysts Set New Price Targets
Separately, Berenberg Bank raised their price objective on Mitie Group from GBX 160 ($2.13) to GBX 165 ($2.20) and gave the company a "buy" rating in a report on Wednesday, April 16th.
Check Out Our Latest Research Report on MTO
Mitie Group Stock Performance
The firm has a market cap of £1.90 billion, a PE ratio of 15.66, a P/E/G ratio of 10.10 and a beta of 1.41. The firm has a 50-day moving average price of GBX 125.47 and a two-hundred day moving average price of GBX 117.48. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 85.41.
Mitie Group declared that its board has authorized a stock repurchase plan on Wednesday, April 16th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.
Insider Activity
In other news, insider Derek Mapp bought 8,571 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were acquired at an average price of GBX 115 ($1.53) per share, for a total transaction of £9,856.65 ($13,117.71). Company insiders own 5.65% 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Mitie Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mitie Group wasn't on the list.
While Mitie Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
