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

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

A number of other brokerages have also issued reports on MTO. Berenberg Bank increased their price target on Mitie Group from GBX 210 to GBX 215 and gave the stock a “buy” rating in a research note on Friday. Royal Bank Of Canada cut 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. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mitie Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 189.20.

Mitie Group Price Performance

Shares of MTO opened at GBX 163.30 on Monday. The firm has a market cap of £2.05 billion, a PE ratio of 22.37, a P/E/G ratio of 10.10 and a beta of 0.87. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 107.60. The firm has a fifty day simple moving average of GBX 175 and a two-hundred day simple moving average of GBX 171.25. Mitie Group has a 1-year low of GBX 134.80 and a 1-year high of GBX 188.10.

Mitie Group (LON:MTO) last announced its earnings results on Thursday, June 4th. The company reported GBX 13.60 EPS for the quarter. Mitie Group had a return on equity of 15.86% and a net margin of 1.47%.The company had revenue of GBX 561.86 billion for the quarter. On average, equities analysts anticipate that Mitie Group will post 10.9360519 EPS for the current year.

Trending Headlines about Mitie Group

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

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.