Phillip Bentley Buys 125 Shares of Mitie Group plc (LON:MTO) Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley acquired 125 shares of the firm’s stock in a transaction on Monday, April 14th. The shares were bought at an average cost of GBX 120 ($1.58) per share, for a total transaction of £150 ($197.78).

Mitie Group Trading Up 1.1 %

MTO stock traded up GBX 1.32 ($0.02) during midday trading on Tuesday, reaching GBX 122.12 ($1.61). The stock had a trading volume of 3,256,002 shares, compared to its average volume of 4,380,082. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 85.41. Mitie Group plc has a twelve month low of GBX 101 ($1.33) and a twelve month high of GBX 127 ($1.67). The firm has a market cap of £1.54 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 10.10 and a beta of 1.41. The business has a fifty day simple moving average of GBX 116.20 and a two-hundred day simple moving average of GBX 114.32.

Wall Street Analyst Weigh In

Separately, Berenberg Bank initiated coverage on shares of Mitie Group in a research note on Tuesday, January 28th. They set a “buy” rating and a GBX 160 ($2.11) price target on the stock.

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.