Mitie Group (LON:MTO) Hits New 1-Year High at $98.90

Mitie Group plc (LON:MTOGet Rating)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 98.90 ($1.24) and last traded at GBX 93.60 ($1.17), with a volume of 1897085 shares. The stock had previously closed at GBX 94.40 ($1.18).

Analyst Upgrades and Downgrades

Separately, Numis Securities reissued an “add” rating and issued a GBX 90 ($1.13) target price on shares of Mitie Group in a research report on Tuesday, February 14th.

Mitie Group Price Performance

The company’s 50-day moving average is GBX 85.91 and its 200-day moving average is GBX 80.57. The company has a debt-to-equity ratio of 79.07, a current ratio of 0.88 and a quick ratio of 0.83. The firm has a market capitalization of £1.27 billion, a price-to-earnings ratio of 4,680.00, a PEG ratio of 10.10 and a beta of 1.45.

About Mitie Group

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Mitie Group plc, together with its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. The company operates in eight segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities, Care & Custody, Landscapes, Waste, and Spain.

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