Insider Buying: Mitie Group (LON:MTO) Insider Purchases 1,518 Shares of Stock

Mitie Group plc (LON:MTO) insider Mary Reilly acquired 1,518 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 £2,535.06.

Mitie Group Stock Performance

MTO stock traded up GBX 1.20 during midday trading on Monday, reaching GBX 166. 11,857,396 shares of the company’s stock traded hands, compared to its average volume of 21,938,580. The firm has a market capitalization of £2.12 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. The company has a 50-day moving average price of GBX 162.94 and a two-hundred day moving average price 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 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 (LON:MTO) last posted 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%. As a group, equities analysts anticipate that Mitie Group plc will post 10.9360519 EPS for the current year.

Mitie Group declared that its Board of Directors has approved a stock repurchase program on Tuesday, October 14th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

MTO has been the subject of a number of analyst reports. Jefferies Financial Group restated a “hold” rating and issued a GBX 145 price objective on shares of Mitie Group in a research report on Thursday, September 11th. Peel Hunt reissued a “buy” rating and set a GBX 191 price objective on shares of Mitie Group in a research note on Thursday, November 20th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 195 target price on shares of Mitie Group in a research note on Thursday, December 4th. Finally, Berenberg Bank raised their price target on Mitie Group from GBX 185 to GBX 210 and gave the company a “buy” rating in a report on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus 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.