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

Shares of Mitie Group plc (LON:MTO) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 155.53 and traded as high as GBX 175.20. Mitie Group shares last traded at GBX 173.80, with a volume of 10,322,139 shares.

Wall Street Analyst Weigh In

MTO has been the subject of several research analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 210 target price on shares of Mitie Group in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mitie Group from GBX 170 to GBX 190 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 195 price objective on shares of Mitie Group in a report on Monday, February 2nd. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 191 target price on shares of Mitie Group in a report on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 186.20.

Mitie Group Stock Performance

The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 85.41. The stock has a market cap of £2.22 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 10.10 and a beta of 1.41. The stock’s 50 day moving average is GBX 167.91 and its two-hundred day moving average is GBX 155.53.

Mitie Group (LON:MTO) last posted its quarterly earnings data on Thursday, November 20th. The company reported GBX 5.70 EPS for the quarter. Mitie Group had a net margin of 2.52% and a return on equity of 28.24%. Analysts anticipate that Mitie Group plc will post 10.9360519 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Phillip Bentley acquired 195,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was bought at an average cost of GBX 154 per share, with a total value of £300,300. Also, insider Christopher Rogers bought 50,000 shares of the stock in a transaction on Thursday, November 20th. The stock was bought at an average price of GBX 115 per share, for a total transaction of £57,500. Insiders bought 248,603 shares of company stock valued at $36,381,610 in the last quarter. 1.82% of the stock is currently owned by 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.