Mitie Group (LON:MTO) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Mitie Group plc (LON:MTO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 170.86 and traded as high as GBX 179.40. Mitie Group shares last traded at GBX 178.60, with a volume of 3,694,561 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on MTO shares. Royal Bank Of Canada upped their target price on Mitie Group from GBX 195 to GBX 205 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Berenberg Bank reiterated a “buy” rating and issued a GBX 210 target price on shares of Mitie Group in a report on Friday, April 17th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 188.20.

Mitie Group Stock Performance

The company has a quick ratio of 0.83, a current ratio of 0.94 and a debt-to-equity ratio of 120.44. The company has a 50 day simple moving average of GBX 175 and a 200-day simple moving average of GBX 170.86. The stock has a market capitalization of £2.25 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 10.10 and a beta of 0.87.

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.