Mitie Group’s (MTO) “Buy” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Mitie Group (LON:MTO)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Monday,London Stock Exchange reports. They presently have a GBX 195 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 19.41% from the company’s current price.

MTO has been the topic of several other reports. Berenberg Bank upped their target price on Mitie Group from GBX 210 to GBX 215 and gave the company a “buy” rating in a research report on Friday. Royal Bank Of Canada cut their target price on Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating on the stock in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 189.20.

Mitie Group Stock Performance

Shares of LON:MTO opened at GBX 163.30 on Monday. The company has a market capitalization of £2.05 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 10.10 and a beta of 0.87. Mitie Group has a 52 week low of GBX 134.80 and a 52 week 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 firm has a 50 day moving average of GBX 175 and a 200 day moving average of GBX 171.25.

Mitie Group (LON:MTO) last issued its quarterly earnings data 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 company had revenue of GBX 561.86 billion during the quarter. On average, sell-side analysts predict that Mitie Group will post 10.9360519 earnings per share for the current fiscal year.

Mitie Group News Roundup

Here are the key news stories impacting Mitie Group this week:

• Positive Sentiment: Mitie reported another year of double-digit growth, with revenue up 10.5% to about £5.62bn, reinforcing that demand for its facilities-management services remains strong. Mitie Delivers Another Year of Double-Digit Growth and Expands Capital Returns Programme (MTO)
• Positive Sentiment: The company also expanded its capital returns programme, which can be seen as shareholder-friendly and may help support the valuation. Mitie Delivers Another Year of Double-Digit Growth and Expands Capital Returns Programme (MTO)
• Positive Sentiment: Mitie’s AI ambitions were highlighted as a future growth driver, suggesting management sees room to improve efficiency and win more business through technology-led services. Mitie’s AI ambitions drive another year of growth
• Positive Sentiment: Berenberg raised its price target on Mitie Group plc (LON:MTO) to GBX 215 and kept a buy rating, signaling continued analyst confidence. Broker view update
• Neutral Sentiment: Royal Bank of Canada lowered its price target slightly to GBX 200, but maintained an outperform rating, so the stance remains constructive overall. Royal Bank Of Canada Lowers Mitie Group (LON:MTO) Price Target to GBX 200
• Neutral Sentiment: Investors are also weighing the company’s latest earnings release and the broader question of how much of the recent growth is already priced in. How The Narrative Around Mitie Group (LSE:MTO) Is Evolving After A Pause In Guidance

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.