Mitie Group (LON:MTO) Insider Buys £3,329.98 in Stock

Mitie Group plc (LON:MTO) insider Salma Shah purchased 1,994 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was bought at an average price of GBX 167 per share, for a total transaction of £3,329.98.

Mitie Group Trading Up 2.4%

LON MTO opened at GBX 171.60 on Thursday. The firm’s fifty day moving average price is GBX 163.16 and its 200 day moving average price is GBX 150.25. Mitie Group plc has a 12 month low of GBX 105.60 and a 12 month high of GBX 171.60. The company has a debt-to-equity ratio of 85.41, a current ratio of 0.90 and a quick ratio of 0.83. The company has a market capitalization of £2.19 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41.

Mitie Group (LON:MTO) last released its quarterly earnings data on Thursday, November 20th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Mitie Group had a net margin of 2.52% and a return on equity of 28.24%. On average, sell-side analysts expect that Mitie Group plc will post 10.9360519 earnings per share for the current fiscal year.

Mitie Group announced that its board has authorized a stock buyback plan on Tuesday, October 14th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MTO. 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. Berenberg Bank upped their price objective on Mitie Group from GBX 185 to GBX 210 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Peel Hunt reaffirmed a “buy” rating and set a GBX 191 price objective on shares of Mitie Group in a research report on Thursday, November 20th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 195 target price on shares of Mitie Group in a report on Thursday, December 4th. Four investment 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 currently has an average rating of “Moderate Buy” and a consensus target price 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.