Mitie Group plc (LON:MTO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 177.13 and traded as high as GBX 210.27. Mitie Group shares last traded at GBX 208.60, with a volume of 151,750,375 shares trading hands.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Royal Bank Of Canada decreased their price objective on shares of Mitie Group from GBX 205 to GBX 200 and set an "outperform" rating for the company in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 195 target price on shares of Mitie Group in a report on Monday, June 8th. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 230 price target on shares of Mitie Group in a research report on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 192.20.
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Mitie Group Trading Down 0.2%
The business has a 50 day simple moving average of GBX 184.09 and a 200-day simple moving average of GBX 177.13. The stock has a market capitalization of £2.71 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 10.10 and a beta of 0.90. The company has a debt-to-equity ratio of 107.60, a current ratio of 0.89 and a quick ratio of 0.83.
Mitie Group (LON:MTO - Get Free Report) last released its quarterly earnings results 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 analysts expect that Mitie Group plc will post 10.9360519 earnings per share for the current year.
Insiders Place Their Bets
In other Mitie Group news, insider Simon Kirkpatrick sold 656,219 shares of Mitie Group stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of GBX 209, for a total value of £1,371,497.71. Also, insider Salma Shah purchased 2,220 shares of the business's stock in a transaction on Wednesday, July 1st. The stock was bought at an average cost of GBX 149 per share, for a total transaction of £3,307.80. In the last quarter, insiders acquired 3,795 shares of company stock valued at $569,703 and sold 1,004,735 shares valued at $194,654,911. 1.89% of the stock is owned by corporate insiders.
About Mitie Group
(
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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.
Further Reading
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