Insider Buying: Mitie Group (LON:MTO) Insider Purchases £149.10 in Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley acquired 71 shares of the company’s stock in a transaction on Tuesday, October 13th. The shares were bought at an average cost of GBX 210 per share, with a total value of £149.10.

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

• On Monday, September 14th, Phillip Bentley acquired 72 shares of Mitie Group stock. The shares were purchased at an average price of GBX 209 per share, with a total value of £150.48.
• On Thursday, August 13th, Phillip Bentley acquired 72 shares of Mitie Group stock. The shares were purchased at an average price of GBX 208 per share, with a total value of £149.76.

Mitie Group Trading Up 0.1%

Shares of MTO stock opened at GBX 210.40 on Friday. The stock’s 50-day moving average price is GBX 209.40 and its 200-day moving average price is GBX 185.68. The stock has a market capitalization of £2.67 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 10.10 and a beta of 0.87. Mitie Group plc has a 12-month low of GBX 143 and a 12-month high of GBX 214. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 107.60.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered Mitie Group to a “hold” rating and cut their price target for the company from GBX 230 to GBX 219 in a research note on Wednesday, September 2nd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 201.25.

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.