The latest update is out from Mitie Group plc ( (GB:MTO) ).
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, aligning with its new Facilities Transformation Three-Year 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 colleagues. It serves around 3,000 blue-chip customers across various sectors, including Central Government, Defence, and Healthcare, offering services in Engineering, Security, and Cleaning & Hygiene. Mitie is recognized for its ESG credentials and aims for Net Zero by 2025.
YTD Price Performance: 6.55%
Average Trading Volume: 2,423,606
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.42B
Learn more about MTO stock on TipRanks’ Stock Analysis page.
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