Mitie Group (LON:MTO) Price Target Raised to GBX 190

Mitie Group (LON:MTO) had its target price upped by Deutsche Bank Aktiengesellschaft from GBX 170 to GBX 190 in a report released on Tuesday morning, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on MTO. Peel Hunt restated a “buy” rating and issued a GBX 191 target price on shares of Mitie Group in a report on Thursday, November 20th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 195 price target on shares of Mitie Group in a research note on Thursday, December 4th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 210 price objective on shares of Mitie Group in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Mitie Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 186.20.

Mitie Group Price Performance

Shares of LON MTO opened at GBX 168 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 85.41. The stock has a fifty day simple moving average of GBX 165.47 and a two-hundred day simple moving average of GBX 153.30. Mitie Group has a 1-year low of GBX 109.18 and a 1-year high of GBX 173.40. The firm has a market cap of £2.13 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41.

Mitie Group (LON:MTO) last released its earnings results on Thursday, November 20th. The company reported GBX 5.70 EPS for the quarter. Mitie Group had a return on equity of 28.24% and a net margin of 2.52%. Analysts anticipate that Mitie Group will post 10.9360519 earnings per share for the current year.

Mitie Group announced that its board has approved a share repurchase plan on Tuesday, October 14th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Mitie Group

In related news, insider Phillip Bentley acquired 195,000 shares of the stock in a transaction on Thursday, November 20th. The shares were acquired at an average price of GBX 154 per share, for a total transaction of £300,300. Also, insider Salma Shah bought 1,994 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were acquired at an average price of GBX 167 per share, for a total transaction of £3,329.98. Insiders have purchased a total of 248,603 shares of company stock worth $36,381,610 in the last 90 days. Corporate insiders own 1.81% 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.