Mitie Group’s (MTO) Buy Rating Reiterated at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Mitie Group (LON:MTO) in a report issued on Thursday, Marketbeat Ratings reports. Peel Hunt currently has a GBX 191 target price on the stock.

Several other equities research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Mitie Group from GBX 165 to GBX 170 and gave the stock a “buy” rating in a report on Monday, August 11th. Berenberg Bank raised their target price on Mitie Group from GBX 185 to GBX 210 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 145 price target on shares of Mitie Group in a research report on Thursday, September 11th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Mitie Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 179.

Mitie Group Price Performance

Shares of LON MTO opened at GBX 157 on Thursday. 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 firm has a fifty day moving average of GBX 151.37 and a 200 day moving average of GBX 146.93. The firm has a market cap of £2.02 billion, a PE ratio of 20.66, a PEG ratio of 10.10 and a beta of 1.41. Mitie Group has a one year low of GBX 105.40 and a one year high of GBX 168.

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

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

Insider Buying and Selling at Mitie Group

In related news, insider Salma Shah purchased 2,423 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was purchased at an average price of GBX 138 per share, with a total value of £3,343.74. Also, insider Christopher Rogers acquired 50,000 shares of Mitie Group stock in a transaction that occurred on Thursday, November 20th. The shares were bought at an average price of GBX 115 per share, for a total transaction of £57,500. Over the last 90 days, insiders acquired 249,478 shares of company stock valued at $36,398,788. Company insiders own 1.77% of the company’s stock.

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.