Mitie Group (LON:MTO) Share Price Passes Above 200-Day Moving Average of $144.76

Share on StockTwits

Shares of Mitie Group PLC (LON:MTO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $144.76 and traded as high as $157.90. Mitie Group shares last traded at $153.10, with a volume of 170,427 shares.

A number of brokerages have issued reports on MTO. UBS Group reiterated a “neutral” rating on shares of Mitie Group in a research report on Tuesday, August 20th. Numis Securities reissued a “hold” rating on shares of Mitie Group in a report on Friday, June 7th. Canaccord Genuity reissued a “buy” rating and set a GBX 285 ($3.72) target price on shares of Mitie Group in a report on Tuesday, August 20th. Peel Hunt reissued a “hold” rating on shares of Mitie Group in a report on Monday, August 19th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of Mitie Group in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 200 ($2.61).

The firm has a 50 day simple moving average of GBX 161.01 and a 200-day simple moving average of GBX 144.76. The company has a debt-to-equity ratio of 134,150.00, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market cap of $560.25 million and a price-to-earnings ratio of 18.01.

The company also recently declared a dividend, which was paid on Friday, August 9th. Stockholders of record on Thursday, June 27th were given a dividend of GBX 2.67 ($0.03) per share. This is a positive change from Mitie Group’s previous dividend of $1.33. This represents a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, June 27th. Mitie Group’s dividend payout ratio (DPR) is currently 0.47%.

Mitie Group Company Profile (LON:MTO)

Mitie Group plc, through its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. It offers engineering services, such as technical and building maintenance services, as well as offers specialist services, such as heating, cooling, lighting, water treatment, and building controls; and security services and products, including security personnel, emergency mobile response solutions, and fire and security systems.

Featured Article: Cost of equity and a company’s balance sheet

Receive News & Ratings for Mitie Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitie Group and related companies with's FREE daily email newsletter.