Mitie Group (LON:MTO) Insider Purchases £151.06 in Stock

by · The Cerbat Gem

Mitie Group plc (LON:MTO – Get Free Report) insider Phillip Bentley bought 91 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were purchased at an average price of GBX 166 per share, for a total transaction of £151.06.

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

  • On Thursday, November 20th, Phillip Bentley purchased 195,000 shares of Mitie Group stock. The shares were purchased at an average price of GBX 154 per share, for a total transaction of £300,300.
  • On Monday, October 13th, Phillip Bentley acquired 108 shares of Mitie Group stock. The stock was purchased at an average price of GBX 138 per share, with a total value of £149.04.
  • On Monday, September 22nd, Phillip Bentley sold 2,000,032 shares of Mitie Group stock. The shares were sold at an average price of GBX 138, for a total value of £2,760,044.16.

Mitie Group Stock Performance

Shares of MTO opened at GBX 169.20 on Friday. The company’s 50 day simple moving average is GBX 160.15 and its 200-day simple moving average is GBX 148.09. The firm has a market cap of £2.16 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. Mitie Group plc has a 12-month low of GBX 105.60 and a 12-month high of GBX 170. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 85.41.

Mitie Group (LON:MTO – Get Free Report) last issued its quarterly earnings results on Thursday, November 20th. The company reported GBX 5.70 earnings per share for the quarter. Mitie Group had a net margin of 2.52% and a return on equity of 28.24%. As a group, equities analysts predict that Mitie Group plc will post 10.9360519 EPS for the current year.

Mitie Group announced that its board has authorized a share repurchase program on Tuesday, October 14th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Peel Hunt restated a “buy” rating and set a GBX 191 price target on shares of Mitie Group in a research note on Thursday, November 20th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 145 price objective on shares of Mitie Group in a research note on Thursday, September 11th. Berenberg Bank upped their price objective on shares of Mitie Group from GBX 185 to GBX 210 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 195 target price on shares of Mitie Group in a report on Thursday, December 4th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 182.20.

View Our Latest Research Report on Mitie Group

About Mitie Group

(Get Free Report)

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.

Further Reading