Mitie Group (LON:MTO) Insider Purchases £150.41 in Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley bought 89 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of GBX 169 per share, with a total value of £150.41.

Phillip Bentley also recently made the following trade(s):

• On Friday, February 13th, Phillip Bentley bought 84 shares of Mitie Group stock. The shares were acquired at an average price of GBX 179 per share, with a total value of £150.36.

Mitie Group Stock Performance

LON MTO traded up GBX 2.33 on Thursday, reaching GBX 172.63. 4,600,709 shares of the company’s stock traded hands, compared to its average volume of 9,883,697. The firm has a market cap of £2.17 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 10.10 and a beta of 0.87. The stock has a 50 day moving average price of GBX 174.27 and a 200-day moving average price of GBX 169.84. Mitie Group plc has a fifty-two week low of GBX 134.60 and a fifty-two week high of GBX 188.10. The company has a debt-to-equity ratio of 120.44, a quick ratio of 0.83 and a current ratio of 0.94.

Analyst Ratings Changes

A number of brokerages have weighed in on MTO. Berenberg Bank reiterated a “buy” rating and issued a GBX 210 price objective on shares of Mitie Group in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mitie Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada upped their price objective on shares of Mitie Group from GBX 195 to GBX 205 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 188.20.

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.