Insider Buying: Mitie Group (LON:MTO) Insider Acquires 2,423 Shares of Stock

Mitie Group plc (LON:MTO) insider Salma Shah purchased 2,423 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were acquired at an average price of GBX 138 per share, with a total value of £3,343.74.

Mitie Group Stock Performance

Shares of MTO stock opened at GBX 138 on Friday. The firm has a market capitalization of £1.78 billion, a PE ratio of 1,815.79, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. The firm has a fifty day simple moving average of GBX 141.85 and a two-hundred day simple moving average of GBX 139.20. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 85.41. Mitie Group plc has a 12 month low of GBX 101 and a 12 month high of GBX 160.

Analyst Ratings Changes

A number of analysts have commented on MTO shares. Jefferies Financial Group restated a “hold” rating and set a GBX 145 price target on shares of Mitie Group in a research note on Thursday, September 11th. Berenberg Bank restated a “buy” rating and set a GBX 175 price target on shares of Mitie Group in a research note on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mitie Group from GBX 165 to GBX 170 and gave the company a “buy” rating in a research note on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 163.33.

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.