Mitie Group plc ( (GB:MTO) ) just unveiled an update.
Mitie Group plc announced the purchase of 500,000 of its ordinary shares as part of its Share Buyback Programme. The shares will be canceled, reducing the total number of voting rights. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership position in the facilities management industry.
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. It 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 industry-leading ESG credentials and aims for Net Zero by the end of 2025.
YTD Price Performance: 2.36%
Average Trading Volume: 2,388,630
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.38B
Find detailed analytics on MTO stock on TipRanks’ Stock Analysis page.