Mitie Group’s (MTO) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Mitie Group (LON:MTO) in a research report released on Monday morning, MarketBeat Ratings reports. They currently have a GBX 195 target price on the stock.

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

Mitie Group Stock Up 2.3%

Shares of Mitie Group stock opened at GBX 171.40 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 52-week low of GBX 109.18 and a 52-week high of GBX 173.40. The stock has a market capitalization of £2.18 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 10.10 and a beta of 1.41. The company’s 50 day moving average price is GBX 165.91 and its 200-day moving average price is GBX 153.97.

Mitie Group (LON:MTO) last posted its quarterly earnings results on Thursday, November 20th. The company reported GBX 5.70 EPS 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 declared that its board has initiated a share buyback program on Tuesday, October 14th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Mitie Group

In other news, insider Christopher Rogers bought 50,000 shares of Mitie Group stock in a transaction on Thursday, November 20th. The shares were purchased at an average price of GBX 115 per share, for a total transaction of £57,500. Also, insider Salma Shah bought 1,994 shares of the stock in a transaction dated Friday, January 2nd. The stock was purchased at an average price of GBX 167 per share, with a total value of £3,329.98. In the last 90 days, insiders acquired 248,603 shares of company stock valued at $36,381,610. 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.