Mitie Group plc ( (GB:MTO) ) has provided an announcement.
Mitie Group plc announced the purchase of 500,000 of its own 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 in facilities management, aligning with its new three-year growth plan.
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. The company partners with around 3,000 blue-chip customers across various sectors, including Central Government, Defence, and Healthcare, providing services in engineering, security, and cleaning. Mitie is recognized for its ESG credentials and aims for Net Zero emissions by 2025.
YTD Price Performance: 6.55%
Average Trading Volume: 2,578,233
Technical Sentiment Signal: Sell
Current Market Cap: £1.4B
For detailed information about MTO stock, go to TipRanks’ Stock Analysis page.