Key Points
- Insider purchase: Director Mary Reilly bought 1,518 shares of Mitie on January 2 at GBX 167 per share, a total transaction of £2,535.06.
- Stock buyback approved: Mitie’s board has authorized a stock buyback program permitting open‑market repurchases, typically a sign the board views the shares as undervalued.
- Analyst sentiment and trading backdrop: Four analysts rate the stock Buy and one Hold with an average target of GBX 182.20, while shares trade around GBX 166 (52‑week range GBX 105.60–170.60) and the company has a market cap of £2.12bn and a P/E of 22.74.
Mitie Group plc (LON:MTO - Get Free Report) insider Mary Reilly purchased 1,518 shares of the business's stock in a transaction on Friday, January 2nd. The shares were bought at an average cost of GBX 167 per share, for a total transaction of £2,535.06.
Mitie Group Stock Up 0.7%
Shares of MTO opened at GBX 166 on Tuesday. Mitie Group plc has a fifty-two week low of GBX 105.60 and a fifty-two week high of GBX 170.60. The company's fifty day moving average is GBX 162.96 and its two-hundred day moving average is GBX 149.90. The firm has a market cap of £2.12 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. 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 (LON:MTO - Get Free Report) last issued 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%. Analysts forecast that Mitie Group plc will post 10.9360519 earnings per share for the current year.
Mitie Group announced that its Board of Directors has approved a stock buyback program on Tuesday, October 14th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.
Analyst Ratings Changes
MTO has been the topic of several research analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 145 price objective on shares of Mitie Group in a research note on Thursday, September 11th. Berenberg Bank raised their price target on shares of Mitie Group from GBX 185 to GBX 210 and gave the company a "buy" rating in a report on Tuesday, October 28th. Peel Hunt reaffirmed a "buy" rating and set a GBX 191 price target on shares of Mitie Group in a research report on Thursday, November 20th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 195 price objective on shares of Mitie Group in a research note on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 182.20.
View Our Latest Report 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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