Mitie Group (LON:MTO) Insider Simon Kirkpatrick Sells 99,531 Shares

Mitie Group plc (LON:MTO) insider Simon Kirkpatrick sold 99,531 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of GBX 165, for a total transaction of £164,226.15.

Mitie Group Price Performance

Shares of LON MTO traded down GBX 3.65 during mid-day trading on Tuesday, reaching GBX 162. 65,660,336 shares of the company traded hands, compared to its average volume of 9,538,213. Mitie Group plc has a fifty-two week low of GBX 134.80 and a fifty-two week high of GBX 188.10. The company has a debt-to-equity ratio of 107.60, a current ratio of 0.89 and a quick ratio of 0.83. The stock has a fifty day simple moving average of GBX 174.86 and a 200-day simple moving average of GBX 171.29. The firm has a market cap of £2.03 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 10.10 and a beta of 0.87.

Mitie Group (LON:MTO) last posted its quarterly earnings data on Thursday, June 4th. The company reported GBX 13.60 EPS for the quarter. Mitie Group had a return on equity of 15.86% and a net margin of 1.47%.The company had revenue of GBX 561.86 billion for the quarter. Equities research analysts anticipate that Mitie Group plc will post 10.9360519 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MTO. Royal Bank Of Canada decreased their target price on Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 195 price objective on shares of Mitie Group in a research report on Monday. Finally, Berenberg Bank raised their price objective on Mitie Group from GBX 210 to GBX 215 and gave the stock a “buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Mitie Group presently has an average 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.