Mitie Group (LON:MTO) Hits New 12-Month High – Here’s What Happened

Shares of Mitie Group plc (LON:MTO) reached a new 52-week high on Wednesday . The company traded as high as GBX 186 and last traded at GBX 179.20, with a volume of 204118 shares changing hands. The stock had previously closed at GBX 178.40.

Wall Street Analyst Weigh In

MTO has been the topic of a number of recent research reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 191 price target on shares of Mitie Group in a research note on Thursday, November 20th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 195 target price on shares of Mitie Group in a research report on Monday, February 2nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 210 price target on shares of Mitie Group in a report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Mitie Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 186.20.

Mitie Group Trading Up 1.1%

The company has a debt-to-equity ratio of 85.41, a quick ratio of 0.83 and a current ratio of 0.90. The stock has a fifty day moving average of GBX 170.94 and a 200-day moving average of GBX 158.03. The company has a market cap of £2.28 billion, a PE ratio of 24.71, a PEG ratio of 10.10 and a beta of 1.41.

Insider Activity

In related news, insider Mary Reilly bought 1,518 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were acquired at an average cost of GBX 167 per share, for a total transaction of £2,535.06. Also, insider Salma Shah purchased 1,994 shares of the stock in a transaction dated Friday, January 2nd. The stock was purchased at an average price of GBX 167 per share, for a total transaction of £3,329.98. Insiders purchased a total of 3,687 shares of company stock worth $616,646 in the last ninety days. 1.82% of the stock is currently owned by insiders.

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.