Phillip Bentley Acquires 84 Shares of Mitie Group (LON:MTO) Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley purchased 84 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were bought at an average price of GBX 179 per share, with a total value of £150.36.

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

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

Mitie Group Stock Performance

MTO stock traded up GBX 0.20 during trading on Monday, reaching GBX 179.80. 2,530,424 shares of the stock were exchanged, compared to its average volume of 10,415,884. Mitie Group plc has a twelve month low of GBX 109.18 and a twelve month high of GBX 180.60. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 85.41. The stock has a 50 day simple moving average of GBX 168.53 and a 200-day simple moving average of GBX 156.23. The company has a market capitalization of £2.28 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41.

Mitie Group (LON:MTO) last posted its 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, sell-side analysts anticipate that Mitie Group plc will post 10.9360519 earnings per share for the current year.

Analysts Set New Price Targets

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

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.