Mitie Group plc (LON:MTO - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as GBX 140.20 ($1.86) and last traded at GBX 139.80 ($1.86), with a volume of 593252 shares trading hands. The stock had previously closed at GBX 139 ($1.85).
Analysts Set New Price Targets
Separately, Berenberg Bank lifted their price target on Mitie Group from GBX 160 ($2.13) to GBX 165 ($2.19) and gave the company a "buy" rating in a research note on Wednesday, April 16th.
Read Our Latest Stock Report on MTO
Mitie Group Stock Performance
The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 85.41. The stock has a market capitalization of £1.76 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 10.10 and a beta of 1.41. The firm has a fifty day moving average of GBX 118.91 and a 200-day moving average of GBX 115.32.
Mitie Group declared that its board has authorized a stock buyback plan on Wednesday, April 16th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.
Insider Buying and Selling at Mitie Group
In other news, insider Derek Mapp purchased 8,571 shares of the stock in a transaction dated Tuesday, April 1st. The stock was acquired at an average cost of GBX 115 ($1.53) per share, for a total transaction of £9,856.65 ($13,108.99). 5.65% of the stock is currently owned by insiders.
About Mitie Group
(
Get Free Report)
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.
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