Insider Buying: Mitie Group (LON:MTO) Insider Purchases £150.36 in Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley purchased 84 shares of Mitie Group stock in a transaction dated Friday, February 13th. The stock was acquired at an average price of GBX 179 per share, for a total transaction of £150.36.

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

• On Monday, December 15th, Phillip Bentley acquired 91 shares of Mitie Group stock. The shares were acquired at an average price of GBX 166 per share, with a total value of £151.06.
• On Thursday, November 20th, Phillip Bentley bought 195,000 shares of Mitie Group stock. The shares were bought at an average cost of GBX 154 per share, for a total transaction of £300,300.

Mitie Group Price Performance

Shares of LON:MTO opened at GBX 180.40 on Thursday. The stock has a market cap of £2.28 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 10.10 and a beta of 1.41. The company has a debt-to-equity ratio of 85.41, a current ratio of 0.90 and a quick ratio of 0.83. Mitie Group plc has a 12 month low of GBX 109.18 and a 12 month high of GBX 181.60. The stock’s 50 day moving average price is GBX 169.61 and its 200 day moving average price is GBX 156.95.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on MTO shares. Royal Bank Of Canada restated an “outperform” rating and set a GBX 195 target price on shares of Mitie Group in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Mitie Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Peel Hunt reaffirmed a “buy” rating and set a GBX 191 target price on shares of Mitie Group in a research report on Thursday, November 20th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 210 price target on shares of Mitie Group in a research report on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 186.20.

Mitie Group Company Profile

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.