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Mitie Cancels 300,000 Shares in Ongoing Buyback Programme

Story Highlights
  • Mitie repurchased 300,000 shares on 14 January 2026 at an average 168.23p.
  • Cancelled shares cut the share count, supporting EPS and reflecting Mitie’s active capital management.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mitie Cancels 300,000 Shares in Ongoing Buyback Programme

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An update from Mitie Group plc ( (GB:MTO) ) is now available.

Mitie Group plc has continued its share buyback programme with the on-market repurchase of 300,000 ordinary shares at a volume-weighted average price of 168.23p on 14 January 2026, executed through broker Peel Hunt LLP. The company intends to cancel these shares, reducing the number of ordinary shares in issue to 1,321,325,112 (excluding treasury shares), a move that marginally enhances earnings per share and underscores ongoing capital management efforts that may support shareholder returns and signal confidence in the Group’s financial position.

The most recent analyst rating on (GB:MTO) stock is a Buy with a £182.00 price target. To see the full list of analyst forecasts on Mitie Group plc stock, see the GB:MTO Stock Forecast page.

Spark’s Take on GB:MTO Stock

According to Spark, TipRanks’ AI Analyst, GB:MTO is a Outperform.

Mitie Group plc’s overall stock score is driven by strong financial performance and positive earnings call sentiment, highlighting robust revenue growth and strategic initiatives. The technical analysis and valuation suggest some caution due to potential overvaluation and overbought conditions. The company’s proactive corporate events, including share buybacks and acquisitions, further support its market position and shareholder value.

To see Spark’s full report on GB:MTO stock, click here.

More about Mitie Group plc

Mitie Group plc is a UK-based, technology-led facilities management, transformation and compliance provider, employing around 84,000 people and serving more than 3,000 large public- and private-sector clients. The company holds market-leading positions in engineering (hard services) and security and hygiene (soft services), and also delivers projects in power and grid connections, building modernisation and fit-outs, decarbonisation, fire safety and security, telecoms infrastructure and environmental compliance, with a strong ESG profile and a broad sector footprint spanning government, critical infrastructure, defence, financial services, healthcare, education, retail, logistics, manufacturing, media, transport and aviation.

Average Trading Volume: 4,186,342

Technical Sentiment Signal: Buy

Current Market Cap: £2.12B

For an in-depth examination of MTO stock, go to TipRanks’ Overview page.

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