Insider Buying: Mitie Group (LON:MTO) Insider Purchases £3,307.80 in Stock

Mitie Group plc (LON:MTO) insider Salma Shah acquired 2,220 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was acquired at an average price of GBX 149 per share, with a total value of £3,307.80.

Mitie Group Stock Performance

Shares of MTO traded up GBX 2.10 during mid-day trading on Wednesday, reaching GBX 151.50. The company’s stock had a trading volume of 2,547,038 shares, compared to its average volume of 18,820,633. The business has a 50-day simple moving average of GBX 168.05 and a two-hundred day simple moving average of GBX 170.80. The stock has a market cap of £1.90 billion, a P/E ratio of 20.75, a PEG ratio of 10.10 and a beta of 0.86. Mitie Group plc has a 1-year low of GBX 134.80 and a 1-year high of GBX 188.10. 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 issued its earnings results on Thursday, June 4th. The company reported GBX 13.60 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%. As a group, equities research analysts anticipate that Mitie Group plc will post 10.9360519 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MTO has been the topic of several analyst reports. Royal Bank Of Canada decreased their target price on shares of Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 195 price target on shares of Mitie Group in a report on Monday, June 8th. Finally, Berenberg Bank increased their price objective on shares of Mitie Group from GBX 215 to GBX 230 and gave the company a “buy” rating in a report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 192.20.

About Mitie Group

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.