Berenberg Bank Issues Positive Forecast for Mitie Group (LON:MTO) Stock Price

Mitie Group (LON:MTO) had its price target lifted by equities research analysts at Berenberg Bank from GBX 215 to GBX 230 in a report released on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 51.42% from the stock’s previous close.

MTO has been the topic of a number of other research reports. Royal Bank Of Canada dropped their price target on Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 195 price objective on shares of Mitie Group in a report on Monday, June 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 192.20.

Mitie Group Stock Performance

Mitie Group stock opened at GBX 151.90 on Wednesday. The company has a 50 day moving average price of GBX 171.12 and a 200-day moving average price of GBX 171.14. The company has a debt-to-equity ratio of 107.60, a quick ratio of 0.83 and a current ratio of 0.89. Mitie Group has a fifty-two week low of GBX 134.80 and a fifty-two week high of GBX 188.10. The company has a market capitalization of £1.91 billion, a PE ratio of 20.81, a P/E/G ratio of 10.10 and a beta of 0.86.

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

Insider Buying and Selling at Mitie Group

In related news, insider Phillip Bentley sold 248,985 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of GBX 165, for a total transaction of £410,825.25. Also, insider Simon Kirkpatrick sold 99,531 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of GBX 165, for a total value of £164,226.15. 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.