Phillip Bentley Purchases 102 Shares of Mitie Group plc (LON:MTO) Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley purchased 102 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was bought at an average cost of GBX 148 ($2.01) per share, with a total value of £150.96 ($204.61).

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

• On Monday, July 14th, Phillip Bentley bought 107 shares of Mitie Group stock. The shares were acquired at an average cost of GBX 139 ($1.88) per share, with a total value of £148.73 ($201.59).
• On Friday, June 13th, Phillip Bentley bought 104 shares of Mitie Group stock. The shares were acquired at an average cost of GBX 144 ($1.95) per share, with a total value of £149.76 ($202.98).

Mitie Group Stock Down 0.9%

Shares of LON MTO opened at GBX 146.60 ($1.99) on Friday. The company’s 50-day simple moving average is GBX 141.61 and its 200-day simple moving average is GBX 133.28. Mitie Group plc has a 52-week low of GBX 101 ($1.37) and a 52-week high of GBX 160 ($2.17). The firm has a market cap of £1.85 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth 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 (LON:MTO) last announced its earnings results on Thursday, June 5th. The company reported GBX 12.70 ($0.17) earnings per share (EPS) for the quarter. Mitie Group had a net margin of 2.52% and a return on equity of 28.24%. Equities analysts predict that Mitie Group plc will post 10.9360519 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on MTO shares. Berenberg Bank raised their target price on shares of Mitie Group from GBX 165 ($2.24) to GBX 175 ($2.37) and gave the stock a “buy” rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Mitie Group from GBX 165 ($2.24) to GBX 170 ($2.30) and gave the stock a “buy” rating in a report on Monday, August 11th.

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.