Insider Buying: Mitie Group (LON:MTO) Insider Buys £2,544.72 in Stock

Mitie Group plc (LON:MTO) insider Mary Reilly acquired 1,844 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was bought at an average price of GBX 138 per share, for a total transaction of £2,544.72.

Mitie Group Price Performance

MTO stock opened at GBX 138 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 85.41. The company’s 50 day moving average is GBX 141.85 and its 200 day moving average is GBX 139.20. The stock has a market cap of £1.78 billion, a price-to-earnings ratio of 1,815.79, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. Mitie Group plc has a 1-year low of GBX 101 and a 1-year high of GBX 160.

Analysts Set New Price Targets

Several research analysts recently weighed in on MTO shares. Jefferies Financial Group restated a “hold” rating and issued a GBX 145 price objective on shares of Mitie Group in a research report on Thursday, September 11th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 175 target price on shares of Mitie Group in a research note on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Mitie Group from GBX 165 to GBX 170 and gave the stock a “buy” rating in a research note on Monday, August 11th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 163.33.

Mitie Group Company Profile

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.