Berenberg Bank Increases Mitie Group (LON:MTO) Price Target to GBX 230

Mitie Group (LON:MTO) had its price target boosted by equities research analysts at Berenberg Bank from GBX 215 to GBX 230 in a research report issued to clients and investors on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 51.42% from the company’s current price.

Several other research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 195 target price on shares of Mitie Group in a research note on Monday, June 8th. Royal Bank Of Canada decreased their price target on Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating for the company in a research note on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 192.20.

Mitie Group Price Performance

Shares of MTO opened at GBX 151.90 on Wednesday. The company has a market cap of £1.91 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 10.10 and a beta of 0.86. Mitie Group has a twelve month low of GBX 134.80 and a twelve month high of GBX 188.10. 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 company has a 50 day moving average of GBX 171.12 and a two-hundred day moving average of GBX 171.14.

Mitie Group (LON:MTO) last issued its quarterly earnings results on Thursday, June 4th. The company reported GBX 13.60 earnings per share (EPS) for the quarter. The business 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%. As a group, analysts predict that Mitie Group will post 10.9360519 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mitie Group news, insider Phillip Bentley sold 248,985 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of GBX 165, for a total value of £410,825.25. Also, insider Simon Kirkpatrick sold 99,531 shares of Mitie Group stock in a transaction on Monday, June 8th. The stock was sold at an average price of GBX 165, for a total transaction of £164,226.15. Company insiders own 1.84% of the company’s stock.

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.