Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Mitie Group plc ( (GB:MTO) ) just unveiled an update.
Mitie Group plc has repurchased 300,000 of its 2.5p ordinary shares on the London Stock Exchange at a volume-weighted average price of 169.52p, as part of its ongoing share buyback programme initiated in October 2025. The company intends to cancel the shares, reducing the number of ordinary shares in issue to 1,321,025,112 (excluding treasury shares), a move that will marginally enhance earnings per share and underscores Mitie’s continued focus on capital returns and balance sheet efficiency, potentially supporting shareholder value and reinforcing confidence in its 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 leading UK-based, technology-led facilities management, transformation and compliance company, founded in 1987 and employing around 84,000 people. It provides both hard services, such as engineering, and soft services, including security and hygiene, and holds market-leading positions across these areas. Serving over 3,000 large customers in public and private sectors—from central government and critical national infrastructure to healthcare, financial services, transport and retail—Mitie also delivers projects in power and grid connections, building modernisation, decarbonisation, fire safety, security and telecoms infrastructure, underpinned by strong ESG credentials and recognised employer rankings.
Average Trading Volume: 4,141,305
Technical Sentiment Signal: Buy
Current Market Cap: £2.12B
See more insights into MTO stock on TipRanks’ Stock Analysis page.