Mitie Group (LON:MTO) Stock Price Down 0.2% – Should You Sell?

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered Mitie Group to a “hold” rating and lowered their price target 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 201.25.

Mitie Group Price Performance

The company has a 50 day moving average of GBX 210.02 and a 200 day moving average of GBX 186.02. 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 stock has a market capitalization of £2.65 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 10.10 and a beta of 0.89.

Insider Transactions at Mitie Group

In related news, insider Simon Kirkpatrick sold 656,219 shares of the company’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 transaction of £1,371,497.71. Also, insider Salma Shah bought 1,744 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were purchased at an average price of GBX 211 per share, for a total transaction of £3,679.84. Over the last ninety days, insiders purchased 3,022 shares of company stock valued at $637,427. 2.45% of the stock is currently owned by corporate 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.