Mitie Group (LON:MTO) Insider Phillip Bentley Buys 91 Shares

Mitie Group plc (LON:MTO) insider Phillip Bentley purchased 91 shares of the business’s stock in a transaction on Monday, December 15th. The stock was bought at an average cost of GBX 166 per share, for a total transaction of £151.06.

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

• On Thursday, November 20th, Phillip Bentley purchased 195,000 shares of Mitie Group stock. The stock was bought at an average price of GBX 154 per share, with a total value of £300,300.
• On Monday, October 13th, Phillip Bentley acquired 108 shares of Mitie Group stock. The shares were bought at an average cost of GBX 138 per share, with a total value of £149.04.
• On Monday, September 22nd, Phillip Bentley sold 2,000,032 shares of Mitie Group stock. The shares were sold at an average price of GBX 138, for a total transaction of £2,760,044.16.

Mitie Group Stock Down 0.2%

LON MTO traded down GBX 0.40 on Tuesday, reaching GBX 166. The company had a trading volume of 2,173,730 shares, compared to its average volume of 6,599,794. The company’s fifty day moving average is GBX 158.32 and its 200-day moving average is GBX 147.74. The firm has a market capitalization of £2.12 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. The company has a debt-to-equity ratio of 85.41, a quick ratio of 0.83 and a current ratio of 0.90. Mitie Group plc has a 1-year low of GBX 105.60 and a 1-year high of GBX 168.

Mitie Group (LON:MTO) last issued its quarterly earnings results on Thursday, November 20th. The company reported GBX 5.70 EPS for the quarter. Mitie Group had a return on equity of 28.24% and a net margin of 2.52%. On average, research analysts forecast that Mitie Group plc will post 10.9360519 earnings per share for the current fiscal year.

Mitie Group announced that its board has initiated a share buyback plan on Tuesday, October 14th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

MTO has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 195 target price on shares of Mitie Group in a research report on Thursday, December 4th. 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. Jefferies Financial Group restated a “hold” rating and issued a GBX 145 price objective on shares of Mitie Group in a report on Thursday, September 11th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 191 target price on shares of Mitie Group in a report on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.