Berenberg Bank Reiterates “Buy” Rating for Mitie Group (LON:MTO)

Mitie Group (LON:MTO)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 230 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 9.94% from the company’s previous close.

Other analysts have also issued research reports about the stock. Royal Bank Of Canada reduced their target price on shares of Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating for the company in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 195 price target on shares of Mitie Group in a report on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 192.20.

Mitie Group Trading Down 0.1%

LON:MTO opened at GBX 209.20 on Wednesday. Mitie Group has a 52 week low of GBX 134.80 and a 52 week high of GBX 214. The company has a debt-to-equity ratio of 107.60, a quick ratio of 0.83 and a current ratio of 0.89. The firm’s fifty day moving average is GBX 163.61 and its 200-day moving average is GBX 170.14. The firm has a market cap of £2.61 billion, a P/E ratio of 34.30, a P/E/G ratio of 10.10 and a beta of 0.87.

Mitie Group (LON:MTO) last announced its earnings results on Thursday, June 4th. The company reported GBX 13.60 earnings per share for the quarter. The business had revenue of GBX 561.86 billion during the quarter. Mitie Group had a net margin of 1.47% and a return on equity of 15.86%. Equities analysts expect that Mitie Group will post 10.9360519 earnings per share for the current year.

Insider Activity at Mitie Group

In other news, insider Simon Kirkpatrick sold 99,531 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of GBX 165, for a total transaction of £164,226.15. Also, insider Phillip Bentley sold 248,985 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of GBX 165, for a total transaction of £410,825.25. In the last 90 days, insiders have bought 3,812 shares of company stock worth $569,768. Corporate insiders own 1.84% 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.