Mitie Group’s (MTO) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Mitie Group (LON:MTO) in a research report report published on Monday morning, Marketbeat reports. Royal Bank Of Canada currently has a GBX 195 price target on the stock.

MTO has been the subject of several other reports. Peel Hunt reiterated a “buy” rating and set a GBX 191 target price on shares of Mitie Group in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mitie Group from GBX 170 to GBX 190 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 210 target price on shares of Mitie Group in a research report on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mitie Group has an average rating of “Moderate Buy” and an average target price of GBX 186.20.

Mitie Group Stock Up 2.2%

Shares of LON MTO opened at GBX 174.80 on Monday. The company has a debt-to-equity ratio of 85.41, a quick ratio of 0.83 and a current ratio of 0.90. Mitie Group has a 1 year low of GBX 109.18 and a 1 year high of GBX 175.66. The stock’s 50-day simple moving average is GBX 166.41 and its 200-day simple moving average is GBX 154.36. The firm has a market cap of £2.21 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 10.10 and a beta of 1.41.

Mitie Group (LON:MTO) last issued its quarterly earnings data 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, equities analysts anticipate that Mitie Group will post 10.9360519 earnings per share for the current fiscal year.

Mitie Group announced that its board has authorized a stock repurchase plan on Tuesday, October 14th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Mitie Group

In other Mitie Group news, insider Christopher Rogers acquired 50,000 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average price of GBX 115 per share, with a total value of £57,500. Also, insider Mary Reilly acquired 1,518 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were acquired at an average price of GBX 167 per share, for a total transaction of £2,535.06. Insiders purchased a total of 248,603 shares of company stock valued at $36,381,610 over the last three months. 1.82% of the stock is currently owned by company 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.