Mitie Group (LON:MTO) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Mitie Group plc (LON:MTO) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 172.91 and traded as high as GBX 207.20. Mitie Group shares last traded at GBX 206.43, with a volume of 4,229,615 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MTO shares. Berenberg Bank restated a “buy” rating and set a GBX 230 price objective on shares of Mitie Group in a research note on Wednesday, July 22nd. Royal Bank Of Canada cut their target price on Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 195 target price on shares of Mitie Group in a research note on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 192.20.

Mitie Group Stock Performance

The company has a debt-to-equity ratio of 107.60, a current ratio of 0.89 and a quick ratio of 0.83. The stock has a market capitalization of £2.68 billion, a P/E ratio of 33.82, a price-to-earnings-growth ratio of 10.10 and a beta of 0.87. The company has a fifty day moving average of GBX 170.50 and a two-hundred day moving average of GBX 173.14.

Mitie Group (LON:MTO) last released its earnings results on Thursday, June 4th. The company reported GBX 13.60 EPS for the quarter. The company had revenue of GBX 561.86 billion for the quarter. Mitie Group had a return on equity of 15.86% and a net margin of 1.47%. On average, equities analysts anticipate that Mitie Group plc will post 10.9360519 EPS for the current year.

Insider Buying and Selling at Mitie Group

In other Mitie Group news, insider Mary Reilly purchased 1,503 shares of Mitie Group stock in a transaction dated Wednesday, July 1st. The shares were bought at an average cost of GBX 149 per share, for a total transaction of £2,239.47. Also, insider Simon Kirkpatrick sold 99,531 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of GBX 165, for a total transaction of £164,226.15. Insiders purchased a total of 3,812 shares of company stock valued at $569,768 over the last three months. 1.89% of the stock is currently owned by company insiders.

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.