Mitie Group’s (MTO) “Outperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Mitie Group (LON:MTO) in a research note released on Thursday morning, MarketBeat reports. The brokerage currently has a GBX 195 price objective on the stock.

A number of other equities analysts have also recently commented on the stock. Berenberg Bank boosted their price target on shares of Mitie Group from GBX 185 to GBX 210 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 145 price target on shares of Mitie Group in a research note on Thursday, September 11th. Peel Hunt reaffirmed a “buy” rating and set a GBX 191 price objective on shares of Mitie Group in a research note on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Mitie Group from GBX 165 to GBX 170 and gave the stock a “buy” rating in a research note on Monday, August 11th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Mitie Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 182.20.

Mitie Group Trading Down 0.2%

Shares of Mitie Group stock opened at GBX 161.70 on Thursday. 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 50 day moving average price of GBX 155.37 and a two-hundred day moving average price of GBX 147.53. The stock has a market capitalization of £2.06 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. Mitie Group has a 52 week low of GBX 105.60 and a 52 week high of GBX 168.

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

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

Insider Activity at Mitie Group

In other Mitie Group news, insider Phillip Bentley bought 195,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were purchased at an average price of GBX 154 per share, with a total value of £300,300. Also, insider Salma Shah acquired 2,423 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were bought at an average price of GBX 138 per share, with a total value of £3,343.74. In the last 90 days, insiders have purchased 249,478 shares of company stock valued at $36,398,788. 1.81% of the stock is currently owned by insiders.

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.