Insider Buying: Mitie Group (LON:MTO) Insider Acquires £2,535.06 in Stock

Mitie Group plc (LON:MTO) insider Mary Reilly purchased 1,518 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was bought at an average cost of GBX 167 per share, with a total value of £2,535.06.

Mitie Group Trading Up 2.4%

MTO opened at GBX 171.60 on Thursday. The stock has a market capitalization of £2.19 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 10.10 and a beta of 1.41. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 85.41. Mitie Group plc has a twelve month low of GBX 105.60 and a twelve month high of GBX 171.60. The company has a 50-day simple moving average of GBX 163.16 and a 200 day simple moving average of GBX 150.25.

Mitie Group (LON:MTO) last issued its earnings results on Thursday, November 20th. The company reported GBX 5.70 EPS for the quarter. Mitie Group had a net margin of 2.52% and a return on equity of 28.24%. Analysts predict that Mitie Group plc will post 10.9360519 EPS for the current fiscal year.

Mitie Group declared that its Board of Directors has initiated a share repurchase plan on Tuesday, October 14th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have recently weighed in on MTO. Jefferies Financial Group restated a “hold” rating and set a GBX 145 price target on shares of Mitie Group in a report on Thursday, September 11th. Peel Hunt reiterated a “buy” rating and set a GBX 191 target price on shares of Mitie Group in a research report on Thursday, November 20th. Berenberg Bank upped their price target on shares of Mitie Group from GBX 185 to GBX 210 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 195 price target on shares of Mitie Group in a research note on Thursday, December 4th. 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 182.20.

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.