Shares of Mitie Group plc (LON:MTO - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 114.75 ($1.48) and traded as high as GBX 118.80 ($1.53). Mitie Group shares last traded at GBX 117.60 ($1.52), with a volume of 49,414,660 shares trading hands.
Analysts Set New Price Targets
Separately, Berenberg Bank assumed coverage on Mitie Group in a report on Tuesday, January 28th. They issued a "buy" rating and a GBX 160 ($2.07) target price for the company.
Read Our Latest Stock Report on MTO
Mitie Group Stock Performance
The business's fifty day moving average price is GBX 116.20 and its 200-day moving average price is GBX 114.61. The stock has a market cap of £1.45 billion, a PE ratio of 11.93, a P/E/G ratio of 10.10 and a beta of 1.41. The company has a debt-to-equity ratio of 85.41, a quick ratio of 0.83 and a current ratio of 0.90.
Insider Buying and Selling
In other news, insider Derek Mapp purchased 8,802 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was acquired at an average cost of GBX 111 ($1.43) per share, for a total transaction of £9,770.22 ($12,623.02). 5.65% of the stock is currently owned by corporate insiders.
Mitie Group Company Profile
(
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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.
Further Reading
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