Mitie Group’s (MTO) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Mitie Group (LON:MTO) in a research note released on Wednesday morning,Digital Look reports. Berenberg Bank currently has a GBX 230 price objective on the stock.

MTO has been the topic of a number of other 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 note on Friday, June 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 195 price objective 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 192.20.

Mitie Group Trading Up 0.1%

MTO opened at GBX 209.40 on Wednesday. The company has a fifty day moving average price of GBX 164.33 and a two-hundred day moving average price of GBX 170.42. Mitie Group has a 1-year low of GBX 134.80 and a 1-year high of GBX 214. The company has a market cap of £2.61 billion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 10.10 and a beta of 0.87. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 107.60.

Mitie Group (LON:MTO) last released 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 net margin of 1.47% and a return on equity of 15.86%. Analysts predict that Mitie Group will post 10.9360519 EPS for the current fiscal year.

Insider Buying and Selling at Mitie Group

In other Mitie Group news, 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 price of GBX 149 per share, for a total transaction of £2,239.47. Also, insider Salma Shah bought 2,220 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was acquired at an average price of GBX 149 per share, for a total transaction of £3,307.80. Insiders have bought 3,812 shares of company stock valued at $569,768 over the last three months. Corporate 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.