Phillip Bentley Purchases 104 Shares of Mitie Group plc (LON:MTO) Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley bought 104 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The shares were bought at an average price of GBX 144 ($1.93) per share, with a total value of £149.76 ($200.97).

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

• On Tuesday, May 13th, Phillip Bentley bought 101 shares of Mitie Group stock. The shares were bought at an average price of GBX 149 ($2.00) per share, with a total value of £150.49 ($201.95).
• On Monday, April 14th, Phillip Bentley bought 125 shares of Mitie Group stock. The shares were bought at an average price of GBX 120 ($1.61) per share, with a total value of £150 ($201.29).

Mitie Group Stock Performance

LON MTO opened at GBX 143.20 ($1.92) on Thursday. Mitie Group plc has a fifty-two week low of GBX 101 ($1.36) and a fifty-two week high of GBX 160 ($2.15). The company has a debt-to-equity ratio of 85.41, a quick ratio of 0.83 and a current ratio of 0.90. The stock has a 50 day simple moving average of GBX 144.90 and a two-hundred day simple moving average of GBX 124.47. The stock has a market cap of £1.81 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41.

Mitie Group (LON:MTO) last released its quarterly earnings data on Thursday, June 5th. The company reported GBX 12.70 ($0.17) earnings per share for the quarter. Mitie Group had a return on equity of 28.24% and a net margin of 2.52%. On average, analysts forecast that Mitie Group plc will post 10.9360519 earnings per share for the current year.

Mitie Group declared that its Board of Directors has initiated a stock repurchase program on Wednesday, April 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their target price on 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.