Phillip Bentley Buys 107 Shares of Mitie Group plc (LON:MTO) Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley purchased 107 shares of the stock in a transaction dated Monday, July 14th. The shares were purchased at an average cost of GBX 139 ($1.87) per share, for a total transaction of £148.73 ($199.58).

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

• On Friday, June 13th, Phillip Bentley acquired 104 shares of Mitie Group stock. The shares were purchased at an average price of GBX 144 ($1.93) per share, with a total value of £149.76 ($200.97).
• On Tuesday, May 13th, Phillip Bentley acquired 101 shares of Mitie Group stock. The stock was purchased at an average cost of GBX 149 ($2.00) per share, with a total value of £150.49 ($201.95).

Mitie Group Stock Down 0.9%

Shares of LON MTO opened at GBX 136.93 ($1.84) on Thursday. The company has a 50-day moving average of GBX 146.29 and a 200 day moving average of GBX 128.64. Mitie Group plc has a 12-month low of GBX 101 ($1.36) and a 12-month high of GBX 160 ($2.15). 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 market cap of £1.73 billion, a PE ratio of 14.23, a P/E/G ratio of 10.10 and a beta of 1.41.

Mitie Group (LON:MTO) last issued its quarterly earnings data on Thursday, June 5th. The company reported GBX 12.70 ($0.17) EPS for the quarter. Mitie Group had a net margin of 2.52% and a return on equity of 28.24%. As a group, sell-side analysts predict that Mitie Group plc will post 10.9360519 EPS for the current fiscal year.

Mitie Group declared that its board has approved a share buyback plan on Wednesday, April 16th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank boosted their price objective on shares of Mitie Group from GBX 160 ($2.15) to GBX 165 ($2.21) and gave the company a “buy” rating in a report on Wednesday, April 16th.

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.