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Mitie Group (LON:MTO – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research note issued on Tuesday, Marketbeat reports. They presently have a GBX 165 ($2.24) price target on the stock. Berenberg Bank’s target price indicates a potential upside of 17.35% from the stock’s previous close.
Mitie Group Price Performance
Mitie Group stock opened at GBX 140.60 ($1.91) on Tuesday. Mitie Group has a 12 month low of GBX 101 ($1.37) and a 12 month high of GBX 160 ($2.17). The company has a debt-to-equity ratio of 85.41, a current ratio of 0.90 and a quick ratio of 0.83. The business has a 50 day simple moving average of GBX 145.15 and a 200-day simple moving average of GBX 129.63. The stock has a market capitalization of £1.77 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41.
Mitie Group (LON:MTO – Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported GBX 12.70 ($0.17) EPS for the quarter. Mitie Group had a return on equity of 28.24% and a net margin of 2.52%. Equities analysts predict that Mitie Group will post 10.9360519 earnings per share for the current year.
Mitie Group declared that its board has initiated a stock buyback program on Wednesday, April 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.
Insiders Place Their Bets
In other Mitie Group news, insider Salma Shah acquired 2,360 shares of the business’s stock in a transaction on Tuesday, July 1st. The stock was purchased at an average price of GBX 141 ($1.92) per share, for a total transaction of £3,327.60 ($4,521.20). Also, insider Derek Mapp acquired 7,235 shares of the business’s stock in a transaction on Tuesday, July 1st. The stock was acquired at an average price of GBX 141 ($1.92) per share, with a total value of £10,201.35 ($13,860.53). Over the last 90 days, insiders have purchased 155,703 shares of company stock worth $21,379,029. Company insiders own 5.65% of the company’s stock.
Mitie Group Company Profile
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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