Mitie Group (LON:MTO) Insider Buys £149.04 in Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley acquired 108 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were acquired at an average price of GBX 138 per share, with a total value of £149.04.

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

• On Monday, September 22nd, Phillip Bentley sold 2,000,032 shares of Mitie Group stock. The stock was sold at an average price of GBX 138, for a total value of £2,760,044.16.
• On Monday, September 15th, Phillip Bentley purchased 103 shares of Mitie Group stock. The shares were bought at an average cost of GBX 146 per share, for a total transaction of £150.38.
• On Wednesday, August 13th, Phillip Bentley bought 102 shares of Mitie Group stock. The shares were acquired at an average price of GBX 148 per share, for a total transaction of £150.96.

Mitie Group Trading Down 0.1%

Shares of Mitie Group stock opened at GBX 156.40 on Friday. The firm has a market capitalization of £2.02 billion, a PE ratio of 2,057.89, a P/E/G ratio of 10.10 and a beta of 1.41. Mitie Group plc has a twelve month low of GBX 101 and a twelve month high of GBX 160. The firm’s 50-day moving average price is GBX 142.49 and its 200 day moving average price is GBX 141.26. 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 announced that its board has approved a stock repurchase plan on Tuesday, October 14th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Berenberg Bank boosted their target price on Mitie Group from GBX 175 to GBX 185 and gave the company a “buy” rating in a research report on Tuesday. Jefferies Financial Group reiterated a “hold” rating and set a GBX 145 target price on shares of Mitie Group in a research note on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mitie Group from GBX 165 to GBX 170 and gave the company a “buy” rating in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Mitie Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 166.67.

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.