Mitie Group (LON:MTO) Insider Simon Kirkpatrick Sells 369,123 Shares of Stock

Mitie Group plc (LON:MTO) insider Simon Kirkpatrick sold 369,123 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of GBX 210, for a total transaction of £775,158.30.

Simon Kirkpatrick also recently made the following trade(s):

• On Wednesday, August 19th, Simon Kirkpatrick sold 656,219 shares of Mitie Group stock. The shares were sold at an average price of GBX 209, for a total value of £1,371,497.71.

Mitie Group Stock Performance

Shares of LON:MTO remained flat at GBX 210 during trading hours on Thursday. 131,565,328 shares of the stock traded hands, compared to its average volume of 17,414,199. The company’s 50 day simple moving average is GBX 208.80 and its two-hundred day simple moving average is GBX 182.52. The stock has a market cap of £2.62 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 10.10 and a beta of 0.89. The company has a debt-to-equity ratio of 107.60, a quick ratio of 0.83 and a current ratio of 0.89. Mitie Group plc has a one year low of GBX 134.80 and a one year high of GBX 214.

Analysts Set New Price Targets

Several research analysts recently weighed in on MTO shares. Royal Bank Of Canada dropped their price target on Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 195 target price on shares of Mitie Group in a research note on Monday, June 8th. Finally, Berenberg Bank downgraded Mitie Group to a “hold” rating and dropped their target price for the company from GBX 230 to GBX 219 in a report on Wednesday, September 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 201.25.

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.