An update from Mitie Group plc ( (GB:MTO) ) is now available.
Mitie Group plc announced the purchase of 100,000 of its ordinary shares as part of its Share Buyback Programme. The shares, bought at an average price of 117.4250 GBp, will be canceled, reducing the total number of voting rights. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership position.
More about Mitie Group plc
Founded in 1987, Mitie Group plc is a leading technology-led Facilities Transformation company in the UK, employing 68,000 people. It partners with around 3,000 blue-chip customers across various sectors, providing services in engineering, security, cleaning, and hygiene, while also offering projects in building fitouts, decarbonisation, and telecoms infrastructure. Mitie is known for its market leadership in its core services and has been recognized for its ESG credentials and industry awards.
YTD Price Performance: 6.55%
Average Trading Volume: 2,445,387
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.44B
For a thorough assessment of MTO stock, go to TipRanks’ Stock Analysis page.