Mitie Group (LON:MTO) Earns “Outperform” Rating from Royal Bank Of Canada

Mitie Group (LON:MTO)‘s stock had its “outperform” rating reissued by Royal Bank Of Canada in a note issued to investors on Monday,Digital Look reports. They presently have a GBX 195 price objective on the stock. Royal Bank Of Canada’s price target points to a potential upside of 16.09% from the company’s previous close.

Several other analysts have also recently commented on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 191 target price on shares of Mitie Group in a research report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on Mitie Group from GBX 170 to GBX 190 and gave the company a “buy” rating in a report on Tuesday, January 27th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 210 price objective on shares of Mitie Group in a research note on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Mitie Group presently has an average rating of “Moderate Buy” and an average price target of GBX 186.20.

Mitie Group Stock Performance

MTO opened at GBX 167.98 on Monday. The firm’s 50-day moving average price is GBX 165.68 and its 200 day moving average price is GBX 153.73. The firm has a market capitalization of £2.13 billion, a PE ratio of 23.01, a PEG ratio of 10.10 and a beta of 1.41. Mitie Group has a twelve month low of GBX 109.18 and a twelve month high of GBX 173.40. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 85.41.

Mitie Group (LON:MTO) last posted its quarterly earnings data on Thursday, November 20th. The company reported GBX 5.70 EPS for the quarter. Mitie Group had a return on equity of 28.24% and a net margin of 2.52%. As a group, sell-side analysts expect that Mitie Group will post 10.9360519 EPS for the current fiscal year.

Mitie Group declared that its board has authorized a stock buyback program on Tuesday, October 14th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other Mitie Group news, insider Christopher Rogers bought 50,000 shares of Mitie Group stock in a transaction dated Thursday, November 20th. The stock was acquired at an average cost of GBX 115 per share, with a total value of £57,500. Also, insider Mary Reilly bought 1,518 shares of Mitie Group stock in a transaction that occurred on Friday, January 2nd. The shares were acquired at an average price of GBX 167 per share, for a total transaction of £2,535.06. Insiders acquired a total of 248,603 shares of company stock valued at $36,381,610 in the last 90 days. Company 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.