Key Points
- Insider purchase: Christopher Rogers bought 50,000 shares of Mitie Group on November 20 at an average price of GBX 115 per share, a transaction totaling £57,500.
- Share buyback authorized: Mitie’s board approved an open‑market share buyback plan on October 14, a move that typically signals the board believes the stock is undervalued.
- Analyst sentiment: The stock carries an average rating of "Moderate Buy" with an average target of GBX 179 after several recent upgrades from analysts.
Mitie Group plc (LON:MTO - Get Free Report) insider Christopher Rogers purchased 50,000 shares of the business's stock in a transaction dated Thursday, November 20th. The shares were acquired at an average price of GBX 115 per share, for a total transaction of £57,500.
Mitie Group Stock Up 1.6%
MTO stock opened at GBX 157 on Friday. The firm has a market cap of £2.02 billion, a PE ratio of 20.66, a PEG ratio of 10.10 and a beta of 1.41. Mitie Group plc has a 1 year low of GBX 105.40 and a 1 year high of GBX 168. The company has a fifty day simple moving average of GBX 151.37 and a 200 day simple moving average of GBX 146.96. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 85.41.
Mitie Group (LON:MTO - Get Free Report) last posted its earnings results on Thursday, November 20th. The company reported GBX 5.70 earnings per share for the quarter. Mitie Group had a return on equity of 28.24% and a net margin of 2.52%. Sell-side analysts anticipate that Mitie Group plc will post 10.9360519 EPS for the current fiscal year.
Mitie Group declared that its Board of Directors has approved a share buyback plan on Tuesday, October 14th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Jefferies Financial Group restated a "hold" rating and issued a GBX 145 target price on shares of Mitie Group in a report on Thursday, September 11th. Berenberg Bank lifted their price target on shares of Mitie Group from GBX 185 to GBX 210 and gave the company a "buy" rating in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mitie Group from GBX 165 to GBX 170 and gave the stock a "buy" rating in a research note on Monday, August 11th. Finally, Peel Hunt reiterated a "buy" rating and issued a GBX 191 target price on shares of Mitie Group in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Mitie Group has an average rating of "Moderate Buy" and an average target price of GBX 179.
View Our Latest Stock Analysis on MTO
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.
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