Phillip Bentley Acquires 91 Shares of Mitie Group (LON:MTO) Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley acquired 91 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was acquired at an average cost of GBX 166 per share, with a total value of £151.06.

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

• On Thursday, November 20th, Phillip Bentley bought 195,000 shares of Mitie Group stock. The shares were acquired at an average cost 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 shares were bought at an average cost 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 transaction of £2,760,044.16.

Mitie Group Stock Performance

Shares of MTO traded down GBX 0.40 during trading hours on Tuesday, hitting GBX 166. The company had a trading volume of 2,173,730 shares, compared to its average volume of 6,599,794. The business has a fifty day moving average of GBX 158.32 and a 200-day moving average of GBX 147.74. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 85.41. The firm has a market cap of £2.12 billion, a price-to-earnings ratio of 22.74, a PEG 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 168.

Mitie Group (LON:MTO) last announced its earnings results on Thursday, November 20th. The company reported GBX 5.70 EPS for the quarter. Mitie Group had a net margin of 2.52% and a return on equity of 28.24%. Equities analysts anticipate that Mitie Group plc will post 10.9360519 EPS for the current fiscal year.

Mitie Group announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 14th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MTO. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 195 target price on shares of Mitie Group in a research note on Thursday, December 4th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 191 price objective on shares of Mitie Group in a report on Thursday, November 20th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 145 price objective on shares of Mitie Group in a research report on Thursday, September 11th. Finally, Berenberg Bank lifted their target price on Mitie Group from GBX 185 to GBX 210 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 182.20.

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.