Mitie Group (LON:MTO) Given New GBX 190 Price Target at Deutsche Bank Aktiengesellschaft

Mitie Group (LON:MTO) had its price objective lifted by Deutsche Bank Aktiengesellschaft from GBX 170 to GBX 190 in a report published on Tuesday, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. Peel Hunt restated a “buy” rating and set a GBX 191 price objective on shares of Mitie Group in a research note on Thursday, November 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 195 target price on shares of Mitie Group in a report on Thursday, December 4th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 210 price target on shares of Mitie Group in a research report on Tuesday. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 186.20.

Mitie Group Stock Down 1.6%

MTO traded down GBX 2.80 during midday trading on Tuesday, reaching GBX 168.40. 1,990,007 shares of the company were exchanged, compared to its average volume of 4,871,974. 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 company’s fifty day moving average price is GBX 164.95 and its 200 day moving average price is GBX 153.09. The company has a market cap of £2.14 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. Mitie Group has a one year low of GBX 109.18 and a one year high of GBX 173.40.

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

Mitie Group announced that its board has approved a share buyback program 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. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Mitie Group

In other Mitie Group news, insider Mary Reilly acquired 1,518 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was bought at an average cost of GBX 167 per share, with a total value of £2,535.06. Also, insider Salma Shah acquired 1,994 shares of Mitie Group stock in a transaction that occurred on Friday, January 2nd. The stock was acquired at an average price of GBX 167 per share, with a total value of £3,329.98. Insiders have purchased a total of 248,603 shares of company stock worth $36,381,610 in the last ninety days. Corporate insiders own 1.81% 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.