Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
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. The shares were bought at an average price of 116.54 pence and are to be canceled, reducing the total number of shares in issue, which could potentially enhance shareholder value. This move is part of Mitie’s strategic plan to extend its market leadership and deliver enhanced shareholder returns through accelerated growth.
More about Mitie Group plc
Mitie Group plc, founded in 1987, is a leading technology-led facilities transformation company in the UK, employing 68,000 colleagues. It is a trusted partner to approximately 3,000 blue chip customers across both public and private sectors, focusing on transforming built estates and enhancing lived experiences. Mitie holds market leadership in engineering, security, and cleaning services while also providing project capabilities in areas such as building modernization and decarbonization. The company is recognized for its industry-leading ESG credentials and has been a UK Top Employer for six consecutive years.
YTD Price Performance: 5.82%
Average Trading Volume: 2,941,086
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.43B
See more data about MTO stock on TipRanks’ Stock Analysis page.