Salma Shah Purchases 1,994 Shares of Mitie Group (LON:MTO) Stock

Mitie Group plc (LON:MTO) insider Salma Shah acquired 1,994 shares of Mitie Group stock in a transaction that occurred on Friday, January 2nd. The stock was acquired at an average price of GBX 167 per share, with a total value of £3,329.98.

Mitie Group Stock Performance

Shares of LON MTO traded up GBX 1.20 during trading on Monday, reaching GBX 166. 11,857,396 shares of the company traded hands, compared to its average volume of 21,938,580. The firm has a 50 day simple moving average of GBX 162.94 and a 200-day simple moving average of GBX 149.72. Mitie Group plc has a 52-week low of GBX 105.60 and a 52-week high of GBX 170.60. The stock has a market capitalization of £2.12 billion, a PE ratio of 22.74, a P/E/G ratio of 10.10 and a beta of 1.41. 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 (LON:MTO) last issued its quarterly earnings data on Thursday, November 20th. The company reported GBX 5.70 earnings per share for the quarter. Mitie Group had a net margin of 2.52% and a return on equity of 28.24%. Equities research analysts anticipate that Mitie Group plc will post 10.9360519 earnings per share for the current year.

Mitie Group declared that its board has initiated a share buyback program on Tuesday, October 14th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MTO has been the topic of a number of recent research reports. Jefferies Financial Group reissued a “hold” rating and issued a GBX 145 target price on shares of Mitie Group in a report on Thursday, September 11th. Berenberg Bank increased their price objective on shares of Mitie Group from GBX 185 to GBX 210 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Peel Hunt reissued a “buy” rating and issued a GBX 191 price objective on shares of Mitie Group in a report on Thursday, November 20th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 195 target price on shares of Mitie Group in a research report on Thursday, December 4th. 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 182.20.

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.