Mitie Group (LON:MTO) Insider Buys 2,220 Shares

Mitie Group plc (LON:MTO) insider Salma Shah acquired 2,220 shares of the stock in a transaction dated Wednesday, July 1st. The stock was bought at an average cost of GBX 149 per share, with a total value of £3,307.80.

Mitie Group Stock Up 1.4%

Shares of MTO traded up GBX 2.10 during mid-day trading on Wednesday, hitting GBX 151.50. The company’s stock had a trading volume of 2,547,038 shares, compared to its average volume of 18,820,633. Mitie Group plc has a 52-week low of GBX 134.80 and a 52-week high of GBX 188.10. The company’s 50-day moving average is GBX 168.05 and its 200-day moving average is GBX 170.80. The firm has a market capitalization of £1.90 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 10.10 and a beta of 0.86. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 107.60.

Mitie Group (LON:MTO) last issued its quarterly earnings results on Thursday, June 4th. The company reported GBX 13.60 earnings per share for the quarter. The company had revenue of GBX 561.86 billion for the quarter. Mitie Group had a net margin of 1.47% and a return on equity of 15.86%. On average, equities research analysts forecast that Mitie Group plc will post 10.9360519 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MTO has been the topic of a number of recent research reports. Berenberg Bank lifted their target price on shares of Mitie Group from GBX 215 to GBX 230 and gave the company a “buy” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 195 price target on shares of Mitie Group in a research note on Monday, June 8th. Finally, Royal Bank Of Canada decreased their target price on Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating for the company in a report on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 192.20.

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.