Berenberg Bank cut shares of Mitie Group (LON:MTO – Free Report) to a hold rating in a research report released on Wednesday,Digital Look reports. The brokerage currently has GBX 219 price target on the stock, down from their previous price target of GBX 230.
Several other research analysts also recently commented on the stock. Royal Bank Of Canada reduced their price target on shares of Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 195 price objective on shares of Mitie Group in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 190.
Read Our Latest Research Report on Mitie Group
Mitie Group Stock Performance
Mitie Group (LON:MTO – Get Free Report) last released its earnings results on Thursday, June 4th. The company reported GBX 13.60 earnings per share for the quarter. The business had revenue of GBX 561.86 billion during the quarter. Mitie Group had a return on equity of 15.86% and a net margin of 1.47%. Analysts predict that Mitie Group will post 10.9360519 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Simon Kirkpatrick sold 656,219 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of GBX 209, for a total value of £1,371,497.71. Also, insider Salma Shah acquired 2,220 shares of Mitie Group stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average price of GBX 149 per share, with a total value of £3,307.80. Over the last quarter, insiders purchased 3,795 shares of company stock valued at $569,703 and sold 1,004,735 shares valued at $194,654,911. Corporate insiders own 1.89% 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.
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