Mitie Group’s (MTO) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Mitie Group (LON:MTO) in a report issued on Tuesday, MarketBeat reports. They currently have a GBX 210 target price on the stock.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 195 price target on shares of Mitie Group in a research note on Thursday, December 4th. Peel Hunt reissued a “buy” rating and issued a GBX 191 price target on shares of Mitie Group in a report on Thursday, November 20th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 186.20.

Mitie Group Trading Up 0.2%

Shares of 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 firm has a market capitalization of £2.13 billion, a P/E ratio of 23.01, a P/E/G ratio of 10.10 and a beta of 1.41. The firm has a 50-day moving average price of GBX 165.47 and a 200 day moving average price of GBX 153.30. Mitie Group has a 12-month low of GBX 109.18 and a 12-month high of GBX 173.40.

Mitie Group (LON:MTO) last announced its quarterly earnings data on Thursday, November 20th. The company reported GBX 5.70 EPS for the quarter. Mitie Group had a net margin of 2.52% and a return on equity of 28.24%. Sell-side analysts forecast that Mitie Group will post 10.9360519 EPS for the current year.

Mitie Group declared that its board has initiated a share buyback 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. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Mitie Group

In other news, insider Phillip Bentley bought 195,000 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were bought at an average cost of GBX 154 per share, for a total transaction of £300,300. Also, insider Mary Reilly purchased 1,518 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was bought at an average cost of GBX 167 per share, for a total transaction of £2,535.06. Insiders bought a total of 248,603 shares of company stock valued at $36,381,610 in the last three months. Insiders own 1.81% of the company’s stock.

About Mitie Group

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.