Insider Selling: Mitie Group (LON:MTO) Insider Sells £1,371,497.71 in Stock

Mitie Group plc (LON:MTO) insider Simon Kirkpatrick sold 656,219 shares of Mitie Group stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of GBX 209, for a total value of £1,371,497.71.

Simon Kirkpatrick also recently made the following trade(s):

• On Monday, June 8th, Simon Kirkpatrick sold 99,531 shares of Mitie Group stock. The stock was sold at an average price of GBX 165, for a total transaction of £164,226.15.

Mitie Group Price Performance

Shares of LON:MTO opened at GBX 208 on Friday. The business has a fifty day simple moving average of GBX 177.74 and a 200 day simple moving average of GBX 175.67. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 107.60. Mitie Group plc has a 1 year low of GBX 134.80 and a 1 year high of GBX 214. The firm has a market cap of £2.71 billion, a price-to-earnings ratio of 34.10, a P/E/G ratio of 10.10 and a beta of 0.90.

Mitie Group (LON:MTO) last announced its quarterly earnings results on Thursday, June 4th. The company reported GBX 13.60 EPS for the quarter. The business had revenue of GBX 561.86 billion during the quarter. Mitie Group had a return on equity of 15.86% and a net margin of 1.47%. As a group, sell-side analysts predict that Mitie Group plc will post 10.9360519 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MTO has been the subject of several research analyst reports. Royal Bank Of Canada cut their price objective on Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating for the company in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 195 price target on shares of Mitie Group in a report on Monday, June 8th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 230 price objective on shares of Mitie Group in a research report on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Mitie Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 192.20.

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.