Berenberg Bank initiated coverage on shares of Mitie Group (LON:MTO – Free Report) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a GBX 160 ($1.99) target price on the stock.
Mitie Group Stock Performance
LON MTO opened at GBX 116.80 ($1.45) on Tuesday. The firm has a market capitalization of £1.45 billion, a P/E ratio of 1,297.78, a PEG ratio of 10.10 and a beta of 1.41. The stock has a 50-day simple moving average of GBX 110.46 and a two-hundred day simple moving average of GBX 116.13. The company has a debt-to-equity ratio of 67.87, a quick ratio of 0.83 and a current ratio of 0.93. Mitie Group has a fifty-two week low of GBX 100 ($1.24) and a fifty-two week high of GBX 127 ($1.58).
Mitie Group (LON:MTO – Get Free Report) last issued its earnings results on Thursday, November 21st. The company reported GBX 5.40 ($0.07) EPS for the quarter. Mitie Group had a net margin of 2.84% and a return on equity of 29.24%. On average, equities analysts forecast that Mitie Group will post 10.9360519 earnings per share for the current year.
Mitie Group Cuts Dividend
Insiders Place Their Bets
In other news, insider Derek Mapp purchased 8,802 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were bought at an average cost of GBX 111 ($1.38) per share, for a total transaction of £9,770.22 ($12,133.90). Also, insider Phillip Bentley acquired 200,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was purchased at an average cost of GBX 109 ($1.35) per share, with a total value of £218,000 ($270,740.19). Insiders acquired a total of 209,076 shares of company stock valued at $22,807,024 over the last quarter. 5.65% of the stock is 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.
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