Mitie Group (LON:MTO) Insider Phillip Bentley Sells 248,985 Shares

Mitie Group plc (LON:MTO) insider Phillip Bentley sold 248,985 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of GBX 165, for a total transaction of £410,825.25.

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

• On Wednesday, May 13th, Phillip Bentley bought 89 shares of Mitie Group stock. The shares were acquired at an average cost of GBX 169 per share, with a total value of £150.41.

Mitie Group Trading Down 2.2%

MTO stock traded down GBX 3.65 during midday trading on Tuesday, hitting GBX 162. 65,660,336 shares of the company’s stock were exchanged, compared to its average volume of 9,538,213. Mitie Group plc has a 1-year low of GBX 134.80 and a 1-year high of GBX 188.10. The business has a 50-day simple moving average of GBX 174.86 and a two-hundred day simple moving average of GBX 171.29. The stock has a market capitalization of £2.03 billion, a PE ratio of 22.19, a P/E/G ratio of 10.10 and a beta of 0.87. 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 (LON:MTO) last released its earnings results on Thursday, June 4th. The company reported GBX 13.60 earnings per share (EPS) for the quarter. The firm 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%. On average, sell-side analysts predict that Mitie Group plc will post 10.9360519 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada reduced their price target on Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 195 price target on shares of Mitie Group in a research note on Monday. Finally, Berenberg Bank increased their price target on Mitie Group from GBX 210 to GBX 215 and gave the company a “buy” rating in a report on Friday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Mitie Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 189.20.

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.