Mitie Group (LON:MTO) Insider Purchases £150.48 in Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley acquired 72 shares of the stock in a transaction on Monday, September 14th. The shares were bought at an average price of GBX 209 per share, for a total transaction of £150.48.

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

• On Thursday, August 13th, Phillip Bentley bought 72 shares of Mitie Group stock. The shares were bought at an average price of GBX 208 per share, with a total value of £149.76.

Mitie Group Stock Performance

LON:MTO opened at GBX 210.60 on Friday. The company has a market cap of £2.63 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 10.10 and a beta of 0.89. Mitie Group plc has a fifty-two week low of GBX 134.80 and a fifty-two week high of GBX 214. The company has a debt-to-equity ratio of 107.60, a quick ratio of 0.83 and a current ratio of 0.89. The stock has a fifty day moving average price of GBX 200.40 and a 200-day moving average price of GBX 180.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Berenberg Bank downgraded shares of Mitie Group to a “hold” rating and cut their price target for the stock from GBX 230 to GBX 219 in a report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 195 price target on shares of Mitie Group in a research report on Monday, June 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Mitie Group currently has an average rating of “Moderate Buy” and an average price target 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.