Mitie Group (LON:MTO) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Mitie Group plc (LON:MTOGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 177.13 and traded as high as GBX 210.27. Mitie Group shares last traded at GBX 208.60, with a volume of 151,750,375 shares changing hands.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on Mitie Group

Mitie Group Trading Down 0.2%

The stock has a market cap of £2.71 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 10.10 and a beta of 0.90. The company has a debt-to-equity ratio of 107.60, a quick ratio of 0.83 and a current ratio of 0.89. The company’s 50 day simple moving average is GBX 184.09 and its two-hundred day simple moving average is GBX 177.13.

Mitie Group (LON:MTOGet Free Report) last posted its quarterly earnings results on Thursday, June 4th. The company reported GBX 13.60 EPS for the quarter. Mitie Group had a net margin of 1.47% and a return on equity of 15.86%. The business had revenue of GBX 561.86 billion for the quarter. Research analysts expect that Mitie Group plc will post 10.9360519 EPS for the current fiscal year.

Insider Transactions at Mitie Group

In other news, insider Phillip Bentley sold 248,985 shares of Mitie Group stock in a transaction dated Monday, June 8th. The stock was sold at an average price of GBX 165, for a total transaction of £410,825.25. Also, insider Simon Kirkpatrick sold 656,219 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of GBX 209, for a total value of £1,371,497.71. In 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. Insiders own 1.89% of the company’s stock.

About Mitie Group

(Get Free Report)

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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