An announcement from Mitie Group plc ( (GB:MTO) ) is now available.
Mitie Group plc announced the purchase of 250,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership position, while also reflecting its financial strength and commitment to delivering value to stakeholders.
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 colleagues. It partners with around 3,000 blue-chip customers across various sectors, providing services in engineering, security, cleaning, and hygiene. Mitie is recognized for its market leadership, ESG credentials, and ambitious net-zero targets.
YTD Price Performance: 6.55%
Average Trading Volume: 2,402,451
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.44B
See more insights into MTO stock on TipRanks’ Stock Analysis page.
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