Mitie Group (LON:MTO) Stock Price Down 0.2% – Here’s Why

Shares of Mitie Group plc (LON:MTO) traded down 0.2% during trading on Friday. The stock traded as low as GBX 208.40 and last traded at GBX 208.60. 1,611,463 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 15,708,219 shares. The stock had previously closed at GBX 209.

Analyst Ratings Changes

Separately, Berenberg Bank lowered shares of Mitie Group to a “hold” rating and lowered their price objective for the stock from GBX 230 to GBX 219 in a research report on Wednesday, September 2nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 201.25.

Mitie Group Trading Down 0.2%

The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 107.60. The firm has a 50 day moving average of GBX 210.02 and a 200 day moving average of GBX 186.02. The firm has a market cap of £2.65 billion, a PE ratio of 34.20, a P/E/G ratio of 10.10 and a beta of 0.89.

Insider Buying and Selling at Mitie Group

In other news, insider Mary Reilly purchased 1,135 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were purchased at an average price of GBX 211 per share, with a total value of £2,394.85. Also, insider Salma Shah purchased 1,744 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were purchased at an average price of GBX 211 per share, with a total value of £3,679.84. Insiders have bought a total of 3,022 shares of company stock worth $637,427 over the last ninety days. 2.45% of the stock is currently owned by company insiders.

About Mitie Group

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.