Mitie Group (LON:MTO) Receives “Buy” Rating from Berenberg Bank

Mitie Group (LON:MTO)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 230 price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 9.58% from the stock’s previous close.

A number of other brokerages also recently issued reports on MTO. Royal Bank Of Canada cut their price objective on Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating for the company in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 195 price target on shares of Mitie Group in a research note on Monday, June 8th. 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, Mitie Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 192.20.

Mitie Group Stock Down 0.0%

MTO opened at GBX 209.90 on Wednesday. Mitie Group has a twelve month low of GBX 134.80 and a twelve month high of GBX 214. The company has a market cap of £2.62 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 10.10 and a beta of 0.87. The company has a 50-day moving average price of GBX 162.09 and a 200 day moving average price of GBX 169.53. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 107.60.

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

Insider Transactions at Mitie Group

In other Mitie Group news, insider Simon Kirkpatrick sold 99,531 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of GBX 165, for a total value of £164,226.15. Also, insider Mary Reilly bought 1,503 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were bought at an average cost of GBX 149 per share, with a total value of £2,239.47. In the last 90 days, insiders purchased 3,812 shares of company stock valued at $569,768. 1.84% of the stock is owned by insiders.

Key Mitie Group News

Here are the key news stories impacting Mitie Group this week:

• Positive Sentiment: Mitie agreed to a recommended £3.1 billion cash acquisition by OCS, which is the main reason shares are rising as investors price in takeover value. OCS to acquire Mitie in £3.1bn deal to create UK facilities services giant
• Positive Sentiment: The company also reported a strong start to FY27, with first-quarter revenue up 10% to £1.41 billion and growth in its pipeline, helped by Marlowe integration and AI-driven demand. Mitie boosts Q1 revenue and pipeline as Marlowe integration and AI drive growth
• Positive Sentiment: Mitie shareholders backed all resolutions at the 2026 AGM, suggesting continued support for management and the transaction process. Mitie shareholders back all resolutions at 2026 AGM
• Neutral Sentiment: Mitie halted its £100 million share buyback after the takeover offer, which is a procedural step following the deal and does not by itself change the investment case. Mitie Halts £100m Share Buyback After Recommended OCS Takeover Offer

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.