Mitie Group (LON:MTO) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Mitie Group (LON:MTO) had its price objective increased by research analysts at Deutsche Bank Aktiengesellschaft from GBX 170 to GBX 190 in a report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 13.37% from the company’s previous close.

A number of other research firms have also recently issued reports on MTO. Berenberg Bank restated a “buy” rating and set a GBX 210 price objective on shares of Mitie Group in a research report on Tuesday. Peel Hunt reiterated a “buy” rating and set a GBX 191 price target on shares of Mitie Group in a research note on Thursday, November 20th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 195 price objective on shares of Mitie Group in a research note on Thursday, December 4th. Four research 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 currently has an average rating of “Moderate Buy” and a consensus price target of GBX 186.20.

Mitie Group Stock Performance

LON MTO opened at GBX 167.60 on Tuesday. The company’s fifty day moving average is GBX 165.17 and its two-hundred day moving average is GBX 153.20. Mitie Group has a 52-week low of GBX 109.18 and a 52-week high of GBX 173.40. The company has a debt-to-equity ratio of 85.41, a current ratio of 0.90 and a quick ratio of 0.83. The firm has a market capitalization of £2.13 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 10.10 and a beta of 1.41.

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

Mitie Group announced that its Board of Directors has approved a stock buyback plan on Tuesday, October 14th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other news, insider Christopher Rogers bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average price of GBX 115 per share, for a total transaction of £57,500. Also, insider Salma Shah purchased 1,994 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were purchased at an average cost of GBX 167 per share, with a total value of £3,329.98. Insiders acquired a total of 248,603 shares of company stock worth $36,381,610 in the last quarter. 1.81% of the stock is 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.