Mitie Group plc (LON:MTO - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 115.72 ($1.49) and traded as high as GBX 121.40 ($1.56). Mitie Group shares last traded at GBX 117.60 ($1.52), with a volume of 1,543,163 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank assumed coverage on Mitie Group in a report on Tuesday, January 28th. They issued a "buy" rating and a GBX 160 ($2.06) price target for the company.
Get Our Latest Stock Analysis on Mitie Group
Mitie Group Price Performance
The stock has a market cap of £1.45 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. 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 company's fifty day moving average is GBX 114.82 and its 200 day moving average is GBX 115.65.
Insider Activity at Mitie Group
In other news, insider Derek Mapp bought 8,802 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was bought at an average price of GBX 111 ($1.43) per share, for a total transaction of £9,770.22 ($12,590.49). Over the last 90 days, insiders acquired 9,076 shares of company stock valued at $1,007,024. Insiders own 5.65% of the company's stock.
About Mitie Group
(
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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.
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